Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) major shareholder Joseph V. Popolo acquired 342,880 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $0.71 per share, for a total transaction of $243,444.80. Following the completion of the transaction, the insider now owns 594,175 shares in the company, valued at approximately $421,864.25. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Ondas Trading Up 15.8 %
Shares of Ondas stock opened at $0.91 on Monday. Ondas Holdings Inc. has a 1 year low of $0.31 and a 1 year high of $3.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.35 and a current ratio of 0.85. The company has a market capitalization of $53.00 million, a P/E ratio of -0.59 and a beta of 0.97. The company’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.91.
Wall Street Analysts Forecast Growth
Separately, Northland Securities cut their price target on shares of Ondas from $4.00 to $2.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new position in Ondas during the 2nd quarter worth $25,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Ondas in the second quarter valued at about $27,000. Squarepoint Ops LLC purchased a new stake in shares of Ondas in the fourth quarter valued at about $39,000. LPL Financial LLC boosted its holdings in shares of Ondas by 30.5% in the fourth quarter. LPL Financial LLC now owns 29,138 shares of the company’s stock valued at $46,000 after acquiring an additional 6,809 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of Ondas in the second quarter valued at about $47,000. 14.84% of the stock is owned by hedge funds and other institutional investors.
Ondas Company Profile
Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.
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