Insider Selling: Ondas (NASDAQ:ONDS) CFO Sells $38,328.48 in Stock

Key Points

• Ondas CFO Neil Laird sold 4,952 shares at an average price of $7.74, generating $38,328.48 and reducing his holdings by 10.49% to 42,246 shares.
• Ondas agreed to acquire three defense technology businesses for approximately $56 million, expanding its capabilities in counter-drone systems, resilient communications, remote operations and GPS-independent navigation. The deal could broaden revenue opportunities but adds integration and cash-use risks.
• ONDS reported a quarterly loss of $0.19 per share, missing estimates by $0.10, although revenue of $83.77 million exceeded forecasts. Analysts maintain a consensus “Moderate Buy” rating with a $17.18 target price, well above the reported $7.60 share price.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) CFO Neil Laird sold 4,952 shares of the company's stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $7.74, for a total transaction of $38,328.48. Following the transaction, the chief financial officer owned 42,246 shares of the company's stock, valued at $326,984.04. This represents a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ondas Price Performance

Shares of ONDS stock traded up $0.20 during trading hours on Thursday, reaching $7.60. The stock had a trading volume of 114,388,226 shares, compared to its average volume of 58,863,060. The firm has a market capitalization of $4.34 billion, a PE ratio of -108.57 and a beta of 2.74. The firm has a 50-day simple moving average of $8.00 and a 200-day simple moving average of $9.01. Ondas Holdings Inc. has a twelve month low of $4.95 and a twelve month high of $15.28.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The firm had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. On average, equities analysts anticipate that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

More Ondas News

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas agreed to acquire three defense technology businesses, adding AI-enabled acoustic sensing, resilient communications, remote operations and GPS-independent navigation. The acquisitions are intended to strengthen Ondas’ existing platforms and create additional integrated product and revenue opportunities. Ondas Acquires Three Defense Technology Businesses
• Positive Sentiment: Caribou Labs brings passive acoustic intelligence designed to detect, classify and track drones, including difficult-to-detect small FPV and fiber-optic-controlled systems. Ondas also acquired the defense business of Ottopia Technologies, adding capabilities relevant to remote and autonomous vehicle operations. Ondas Acquired Caribou Labs
• Positive Sentiment: Investors appear to view the acquisitions as a potentially significant expansion of Ondas’ position in autonomous warfare and counter-drone systems, with near-term, field-deployed technologies complementing its current offerings. ONDS’ $56M Defense Bet
• Neutral Sentiment: Reports discussed elevated short interest in ONDS, which can increase volatility and create the possibility of short-covering if positive acquisition developments continue. However, a separate September 24 report listed short interest at zero shares and a zero-day short-interest ratio, creating uncertainty around the reliability or timing of the data. High Short Interest Stocks
• Negative Sentiment: The $56 million acquisition program increases integration and execution demands. Investors will need evidence that the acquired technologies can be combined effectively and converted into sustainable revenue without worsening Ondas’ existing losses or cash needs.

Institutional Trading of Ondas

Institutional investors have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd bought a new position in shares of Ondas in the second quarter valued at approximately $330,000. WINTON GROUP Ltd bought a new stake in Ondas during the second quarter worth approximately $2,294,000. RFG Advisory LLC lifted its position in Ondas by 57.0% in the second quarter. RFG Advisory LLC now owns 2,787,202 shares of the company's stock worth $22,967,000 after purchasing an additional 1,012,353 shares during the period. NewEdge Advisors LLC lifted its position in Ondas by 47.4% in the second quarter. NewEdge Advisors LLC now owns 43,484 shares of the company's stock worth $358,000 after purchasing an additional 13,993 shares during the period. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its stake in Ondas by 63.0% during the 2nd quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company's stock valued at $8,380,000 after purchasing an additional 393,133 shares in the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ONDS has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $19.00 price objective on shares of Ondas in a report on Monday, September 14th. LADENBURG THALM/SH SH lifted their target price on Ondas from $21.50 to $22.75 and gave the company a "buy" rating in a research note on Monday, August 17th. Roth Capital reiterated a "buy" rating on shares of Ondas in a research report on Tuesday, August 18th. Wall Street Zen cut Ondas from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Finally, Oppenheimer raised their price target on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.18.

About Ondas

Ondas Holdings Inc NASDAQ: ONDS develops autonomous systems and private wireless network technologies for industrial, government and critical-infrastructure applications. Its businesses are focused on collecting and transmitting data in environments where conventional communications or manually operated systems may be limited.

Through its autonomous systems activities, including American Robotics and other related platforms, Ondas provides autonomous drone solutions for applications such as agriculture, infrastructure inspection, public safety and security.

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