Ondas Holdings Inc. (NASDAQ:ONDS) Director Sells $12,788.23 in Stock

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Richard M. Cohen sold 7,567 shares of Ondas stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $1.69, for a total value of $12,788.23. Following the completion of the transaction, the director now owns 182,855 shares in the company, valued at $309,024.95. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ondas Stock Performance

ONDS stock traded up $0.03 during trading on Friday, reaching $1.58. 14,328,636 shares of the stock were exchanged, compared to its average volume of 5,446,881. Ondas Holdings Inc. has a twelve month low of $0.54 and a twelve month high of $3.40. The company has a market capitalization of $283.70 million, a P/E ratio of -2.72 and a beta of 2.13. The stock has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $1.34. The company has a current ratio of 0.86, a quick ratio of 0.65 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 for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Ondas had a negative return on equity of 232.07% and a negative net margin of 412.92%. The firm had revenue of $4.25 million for the quarter, compared to analyst estimates of $4.94 million. As a group, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on Ondas in a research note on Monday, April 14th. They issued a "buy" rating and a $2.50 price objective on the stock.

Institutional Investors Weigh In On Ondas

A number of institutional investors have recently added to or reduced their stakes in the company. Heights Capital Management Inc. boosted its holdings in Ondas by 397.6% during the fourth quarter. Heights Capital Management Inc. now owns 4,811,354 shares of the company's stock valued at $12,317,000 after purchasing an additional 3,844,401 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in Ondas during the fourth quarter valued at approximately $3,288,000. Geode Capital Management LLC boosted its holdings in Ondas by 16.6% during the fourth quarter. Geode Capital Management LLC now owns 726,165 shares of the company's stock valued at $1,859,000 after purchasing an additional 103,570 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Ondas by 5.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 645,510 shares of the company's stock worth $691,000 after acquiring an additional 31,219 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Ondas in the 4th quarter worth approximately $1,050,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.