Neil Laird Sells 4,526 Shares of Ondas (NASDAQ:ONDS) Stock

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

Ondas Stock Down 3.3%

Shares of ONDS stock traded down $0.31 during trading hours on Tuesday, hitting $8.96. 65,807,535 shares of the company were exchanged, compared to its average volume of 81,266,120. The firm has a fifty day moving average of $7.54 and a 200 day moving average of $5.47. Ondas Holdings Inc. has a 1 year low of $0.57 and a 1 year high of $11.70. The firm has a market cap of $3.35 billion, a PE ratio of -22.40 and a beta of 2.42.

Ondas (NASDAQ:ONDS) last released its 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). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The company had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. Analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the period. Wexford Capital LP purchased a new position in shares of Ondas in the third quarter valued at $67,000. HBK Sorce Advisory LLC acquired a new stake in Ondas during the 3rd quarter valued at $77,000. SG Americas Securities LLC purchased a new stake in Ondas during the 3rd quarter worth $78,000. Finally, Shikiar Asset Management Inc. purchased a new stake in Ondas during the 3rd quarter worth $85,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several research reports. HC Wainwright initiated coverage on Ondas in a research report on Monday, October 6th. They issued a “buy” rating and a $12.00 target price on the stock. Stifel Nicolaus set a $13.00 price target on Ondas and gave the stock a “buy” rating in a research note on Monday, December 15th. Lake Street Capital lifted their price objective on Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Needham & Company LLC boosted their target price on Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Loop Capital set a $10.00 target price on shares of Ondas in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ondas presently has an average 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.