Insider Selling: Ondas (NASDAQ:ONDS) Director Sells $71,250.00 in Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ondas Stock Performance

Shares of ONDS opened at $9.06 on Friday. Ondas Holdings Inc. has a 52 week low of $0.86 and a 52 week high of $15.28. The firm has a market cap of $4.49 billion, a P/E ratio of 226.50 and a beta of 2.56. The firm’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $9.66.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results 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 net margin of 247.85% and a negative return on equity of 14.17%. The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. As a group, equities analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of Ondas

A number of institutional investors have recently bought and sold shares of ONDS. NFSG Corp lifted its holdings in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC bought a new stake in shares of Ondas during the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the period. IFP Advisors Inc lifted its holdings in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc bought a new stake in shares of Ondas during the 1st quarter worth approximately $35,000. Institutional investors own 37.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ONDS shares. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Zacks Research downgraded shares of Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Finally, Northland Securities 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 Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.

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.