Ondas (NASDAQ:ONDS) CEO Eric Brock Sells 2,378,245 Shares

Ondas Holdings Inc. (NASDAQ:ONDS) CEO Eric Brock sold 2,378,245 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ondas Price Performance

ONDS stock opened at $13.58 on Wednesday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 339.50 and a beta of 2.60. The business has a 50-day moving average of $9.96 and a 200-day moving average of $9.93. Ondas Holdings Inc. has a fifty-two week low of $1.36 and a fifty-two week high of $15.28.

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

Institutional Trading of Ondas

Hedge funds have recently made changes to their positions in the business. NFSG Corp lifted its position in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Ondas in the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its position in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Ondas in the first quarter valued at approximately $35,000. Finally, Avion Wealth lifted its position in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after buying an additional 2,000 shares during the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONDS has been the subject of several analyst reports. Weiss Ratings raised shares of Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ondas currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

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.