Richard Cohen Sells 7,500 Shares of Ondas (NASDAQ:ONDS) Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 7,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ondas Price Performance

Ondas stock traded down $0.18 during midday trading on Thursday, reaching $9.18. The company’s stock had a trading volume of 55,980,277 shares, compared to its average volume of 63,506,824. The stock’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $9.66. Ondas Holdings Inc. has a 52-week low of $0.84 and a 52-week high of $15.28. The stock has a market capitalization of $4.55 billion, a P/E ratio of 229.50 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The business had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. As a group, equities research analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ondas

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Ondas by 3,558,617.2% in the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after buying an additional 2,063,998 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Ondas by 88.4% in the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after buying an additional 154,792 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in shares of Ondas in the third quarter valued at $7,720,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Ondas in the fourth quarter valued at $6,734,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Ondas in the third quarter valued at $772,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONDS has been the topic of several analyst reports. Zacks Research lowered Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Glj Research set a $17.00 target price on Ondas in a research report on Tuesday, March 10th. Stifel Nicolaus lifted their price objective on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen upgraded Ondas from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Company Profile

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.