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

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 7,500 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares of the company’s stock, valued at approximately $2,346,050.56. This represents a 2.78% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ondas Stock Down 5.8%

Shares of NASDAQ ONDS opened at $8.38 on Friday. The firm has a 50-day simple moving average of $8.19 and a 200-day simple moving average of $9.44. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -119.71 and a beta of 2.72. Ondas Holdings Inc. has a 52 week low of $3.51 and a 52 week high of $15.28.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) 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 business had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. As a group, equities research analysts expect that Ondas Holdings Inc. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

ONDS has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Ondas in a research note on Friday, August 14th. Wall Street Zen lowered shares of Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Roth Capital reissued a “buy” rating on shares of Ondas in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.18.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ONDS. Headlands Technologies LLC purchased a new position in shares of Ondas during the 2nd quarter worth about $486,000. Kirtland Hills Capital Management LLC purchased a new position in Ondas in the 2nd quarter worth approximately $509,000. X Square Capital LLC acquired a new position in shares of Ondas during the second quarter worth $1,648,000. Buckland Partners Management Co LLC acquired a new position in Ondas in the 2nd quarter worth $478,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Ondas during the 2nd quarter worth approximately $668,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.