Ondas (NASDAQ:ONDS) CFO Sells $42,906.48 in Stock

Ondas Holdings Inc. (NASDAQ:ONDS) CFO Neil Laird sold 4,526 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $42,906.48. Following the completion of the transaction, the chief financial officer owned 8,224 shares of the company’s stock, valued at $77,963.52. The trade was a 35.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ondas Stock Performance

ONDS stock opened at $9.08 on Friday. The company has a market capitalization of $3.40 billion, a PE ratio of -22.69 and a beta of 2.42. The company’s fifty day moving average price is $7.55 and its 200-day moving average price is $5.52. Ondas Holdings Inc. has a one year low of $0.57 and a one year high of $11.70.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $10.10 million during the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. On average, research analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hudson Bay Capital Management LP bought a new position in Ondas during the third quarter valued at $184,000. IFP Advisors Inc boosted its stake in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the period. CIBC Private Wealth Group LLC bought a new position in Ondas during the 3rd quarter valued at about $117,000. CIBC Bancorp USA Inc. purchased a new stake in Ondas in the 3rd quarter worth about $131,000. Finally, Dark Forest Capital Management LP bought a new stake in Ondas in the third quarter worth about $564,000. 37.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ONDS. Needham & Company LLC lifted their price objective on Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Loop Capital set a $10.00 price target on shares of Ondas in a research note on Wednesday, November 26th. Stifel Nicolaus set a $13.00 price objective on shares of Ondas and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Oppenheimer upgraded shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ondas currently has a consensus rating of “Moderate Buy” and an average price target of $10.43.

About Ondas

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.