Randy Seidl Sells 10,000 Shares of Ondas (NASDAQ:ONDS) Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ondas Stock Down 1.3%

Shares of NASDAQ:ONDS traded down $0.12 during midday trading on Friday, reaching $9.06. 58,961,058 shares of the company were exchanged, compared to its average volume of 83,181,008. Ondas Holdings Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $15.28. The stock has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $9.66. The firm has a market cap of $4.49 billion, a PE ratio of 226.50 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. As a group, analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of research analyst reports. Northland Securities raised their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. One investment 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 company’s stock. Based on data from MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Ondas by 3,558,617.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Ondas by 88.4% during the 3rd quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock worth $2,547,000 after purchasing an additional 154,792 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of Ondas during the 3rd quarter worth about $7,720,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Ondas during the 4th quarter worth about $6,734,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Ondas during the 3rd quarter worth about $772,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.