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 business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ondas Stock Down 5.8%

NASDAQ ONDS traded down $0.52 during trading hours on Thursday, reaching $8.38. 68,228,736 shares of the company were exchanged, compared to its average volume of 85,260,805. Ondas Holdings Inc. has a 1 year low of $3.51 and a 1 year high of $15.28. The business’s 50 day simple moving average is $8.19 and its 200-day simple moving average is $9.44. The stock has a market capitalization of $4.78 billion, a P/E ratio of -119.71 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share 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 company had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. As a group, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ONDS has been the subject of several research reports. Wall Street Zen lowered Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Ondas in a research report on Friday, August 14th. Finally, LADENBURG THALM/SH SH increased their price target on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research note on Monday. Eight investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $17.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after acquiring an additional 5,351,725 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of Ondas in the fourth quarter valued at $71,202,000. State Street Corp raised its stake in shares of Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after purchasing an additional 2,920,071 shares during the period. Two Sigma Investments LP raised its stake in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Ondas by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after purchasing an additional 774,862 shares in the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.