Insider Selling: Ondas Holdings Inc. (NASDAQ:ONDS) Director Sells 8,673 Shares of Stock

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Jaspreet K. Sood sold 8,673 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $1.69, for a total value of $14,657.37. Following the sale, the director now directly owns 161,657 shares of the company's stock, valued at approximately $273,200.33. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ondas Stock Up 1.9%

Shares of ONDS traded up $0.03 during mid-day trading on Friday, reaching $1.58. The company's stock had a trading volume of 14,328,636 shares, compared to its average volume of 5,446,881. The business has a fifty day moving average of $1.09 and a 200 day moving average of $1.34. The company has a market cap of $283.70 million, a price-to-earnings ratio of -2.72 and a beta of 2.13. Ondas Holdings Inc. has a 1 year low of $0.54 and a 1 year high of $3.40. The company has a quick ratio of 0.65, a current ratio of 0.86 and a debt-to-equity ratio of 0.01.

Ondas (NASDAQ:ONDS - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). The business had revenue of $4.25 million during the quarter, compared to analysts' expectations of $4.94 million. Ondas had a negative net margin of 412.92% and a negative return on equity of 232.07%. As a group, analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital assumed coverage on Ondas in a report on Monday, April 14th. They issued a "buy" rating and a $2.50 target price for the company.

Institutional Trading of Ondas

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Ondas by 119.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,400 shares of the company's stock valued at $29,000 after purchasing an additional 6,200 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Ondas during the fourth quarter valued at $31,000. Staley Capital Advisers Inc. acquired a new stake in Ondas during the fourth quarter valued at $32,000. B. Riley Wealth Advisors Inc. acquired a new stake in Ondas during the fourth quarter valued at $46,000. Finally, Squarepoint Ops LLC acquired a new stake in Ondas during the fourth quarter valued at $48,000. Institutional investors and hedge funds own 37.73% of the company's stock.

Ondas Company Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.