Ondas Holdings Inc. $ONDS Stock Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in Ondas Holdings Inc. (NASDAQ:ONDS) by 17.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,156,205 shares of the company’s stock after purchasing an additional 170,075 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ondas were worth $8,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RFG Advisory LLC grew its holdings in Ondas by 57.0% during the 2nd quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock valued at $22,967,000 after buying an additional 1,012,353 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Ondas during the second quarter valued at approximately $13,158,000. Bank of America Corp DE lifted its holdings 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 buying an additional 1,313,823 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its holdings in shares of Ondas by 63.0% in the second quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company’s stock worth $8,380,000 after buying an additional 393,133 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Ondas by 16.4% in the first quarter. Swiss National Bank now owns 801,100 shares of the company’s stock worth $7,242,000 after buying an additional 112,600 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard M. Cohen sold 7,500 shares of the firm’s 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 trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil J. Laird sold 4,952 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $7.74, for a total transaction of $38,328.48. Following the completion of the sale, the chief financial officer owned 42,246 shares in the company, valued at $326,984.04. This represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.67% of the stock is currently owned by corporate insiders.

Ondas Price Performance

Shares of Ondas stock opened at $6.65 on Wednesday. The stock has a 50 day moving average of $7.31 and a 200 day moving average of $9.18. Ondas Holdings Inc. has a 12 month low of $4.95 and a 12 month high of $15.28.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The business had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. As a group, analysts forecast that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ONDS has been the subject of a number of research reports. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Roth Capital reiterated a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. Citizens Jmp started coverage on shares of Ondas in a research note on Monday, October 5th. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, Citigroup reiterated a “market outperform” rating on shares of Ondas in a research note on Monday, October 19th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.89.

Ondas Company Profile

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous drone systems and private wireless networking solutions for industrial, government, and critical-infrastructure applications. Its businesses are focused on enabling automated data collection, remote monitoring, inspection, and secure communications in environments where conventional connectivity or manually operated equipment may be less effective.

Through its Ondas Autonomous Systems businesses, including American Robotics and Airobotics, the company offers autonomous unmanned aerial systems, drone-in-a-box platforms, and related software and services.