Eric Brock Sells 475,000 Shares of Ondas (NASDAQ:ONDS) Stock

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) CEO Eric Brock sold 475,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the transaction, the chief executive officer owned 1,461,255 shares in the company, valued at $14,188,786.05. This represents a 24.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ondas Stock Performance

Shares of NASDAQ ONDS opened at $9.76 on Friday. Ondas Holdings Inc. has a 1 year low of $0.57 and a 1 year high of $11.70. The stock’s 50-day simple moving average is $7.73 and its 200-day simple moving average is $5.78. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of -24.40 and a beta of 2.40.

Ondas (NASDAQ:ONDSGet Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) 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 business had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. As a group, research analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Ondas

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Ondas during the 3rd quarter valued at approximately $184,000. IFP Advisors Inc grew its stake in 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 buying an additional 2,892 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Ondas in the third quarter worth $117,000. Finally, CIBC Bancorp USA Inc. bought a new stake in Ondas in the third quarter valued at $131,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of research analyst reports. Lake Street Capital increased their price objective on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Oppenheimer upgraded shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Friday, November 14th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. HC Wainwright assumed coverage on Ondas in a report on Monday, October 6th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ondas currently has a consensus rating of “Moderate Buy” and an average price target of $11.50.

View Our Latest Stock Report on ONDS

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About Ondas

(Get Free Report)

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.

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