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

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

Ondas Stock Performance

Shares of ONDS opened at $9.18 on Friday. The firm has a market cap of $4.55 billion, a PE ratio of 229.50 and a beta of 2.56. The firm’s 50 day moving average price is $9.86 and its 200 day moving average price is $9.66. Ondas Holdings Inc. has a twelve month low of $0.84 and a twelve month high of $15.28.

Ondas (NASDAQ:ONDS) last posted its earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The business had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. On average, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Ondas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. Western Wealth Management LLC acquired a new position in shares of Ondas during the first quarter worth approximately $28,000. Bank of America Corp DE grew its stake in shares of Ondas by 1,443.9% in the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after acquiring an additional 1,313,823 shares during the last quarter. Janus Henderson Group PLC increased its position in Ondas by 16.8% during the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock worth $1,659,000 after acquiring an additional 26,500 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Ondas during the 1st quarter valued at $5,000,000. Finally, Arkadios Wealth Advisors raised its stake in Ondas by 37.3% during the 1st quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock valued at $460,000 after purchasing an additional 13,821 shares during the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $23.00 target price on shares of Ondas in a report on Tuesday. Zacks Research lowered Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Northland Securities raised their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Glj Research set a $17.00 target price on Ondas in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.