Ondas (NASDAQ:ONDS) CFO Neil Laird Sells 4,952 Shares of Stock

Ondas Holdings Inc. (NASDAQ:ONDS) CFO Neil Laird sold 4,952 shares of Ondas stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $7.74, for a total transaction of $38,328.48. Following the transaction, the chief financial officer directly owned 42,246 shares in the company, valued at $326,984.04. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ondas Price Performance

Ondas stock opened at $7.60 on Friday. The firm has a 50 day simple moving average of $8.00 and a 200-day simple moving average of $9.01. Ondas Holdings Inc. has a 1-year low of $4.95 and a 1-year high of $15.28. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of -108.57 and a beta of 2.74.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The firm had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $67.97 million. Equities analysts expect that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Trending Headlines about Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas agreed to acquire three defense technology businesses, adding AI-enabled acoustic sensing, resilient communications, remote operations and GPS-independent navigation. The acquisitions are intended to strengthen Ondas’ existing platforms and create additional integrated product and revenue opportunities. Ondas Acquires Three Defense Technology Businesses
• Positive Sentiment: Caribou Labs brings passive acoustic intelligence designed to detect, classify and track drones, including difficult-to-detect small FPV and fiber-optic-controlled systems. Ondas also acquired the defense business of Ottopia Technologies, adding capabilities relevant to remote and autonomous vehicle operations. Ondas Acquired Caribou Labs
• Positive Sentiment: Investors appear to view the acquisitions as a potentially significant expansion of Ondas’ position in autonomous warfare and counter-drone systems, with near-term, field-deployed technologies complementing its current offerings. ONDS’ $56M Defense Bet
• Neutral Sentiment: Reports discussed elevated short interest in ONDS, which can increase volatility and create the possibility of short-covering if positive acquisition developments continue. However, a separate September 24 report listed short interest at zero shares and a zero-day short-interest ratio, creating uncertainty around the reliability or timing of the data. High Short Interest Stocks
• Negative Sentiment: The $56 million acquisition program increases integration and execution demands. Investors will need evidence that the acquired technologies can be combined effectively and converted into sustainable revenue without worsening Ondas’ existing losses or cash needs.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ONDS. Roth Capital reiterated a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. Oppenheimer boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Wall Street Zen cut shares of Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, LADENBURG THALM/SH SH lifted their price target on shares of Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research report on Monday, August 17th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC boosted its holdings in Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares during the period. State of Wyoming grew its stake in Ondas by 31.5% during the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after purchasing an additional 1,631 shares in the last quarter. NFSG Corp increased its holdings in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the period. Steadtrust LLC increased its holdings in Ondas by 10.3% during the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares during the period. Finally, Global Retirement Partners LLC raised its position in Ondas by 30.0% in the 4th quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock valued at $127,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous systems and private wireless network technologies for industrial, government and critical-infrastructure applications. Its businesses are focused on collecting and transmitting data in environments where conventional communications or manually operated systems may be limited.

Through its autonomous systems activities, including American Robotics and other related platforms, Ondas provides autonomous drone solutions for applications such as agriculture, infrastructure inspection, public safety and security.