Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl Sells 21,359 Shares

Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl sold 21,359 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $1.29, for a total value of $27,553.11. Following the completion of the transaction, the director now owns 124,513 shares in the company, valued at $160,621.77. This trade represents a 14.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ondas Stock Up 8.1 %

Shares of Ondas stock opened at $1.47 on Friday. The firm has a market cap of $113.62 million, a price-to-earnings ratio of -2.04 and a beta of 2.55. The stock has a 50-day simple moving average of $0.91 and a 200-day simple moving average of $0.83. Ondas Holdings Inc. has a 52-week low of $0.54 and a 52-week high of $1.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.43 and a quick ratio of 0.21.

Ondas (NASDAQ:ONDS) last posted its earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The business had revenue of $1.48 million during the quarter, compared to the consensus estimate of $1.32 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. On average, equities research analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wealth Effects LLC increased its position in Ondas by 9.8% in the 2nd quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock worth $91,000 after buying an additional 14,000 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Ondas by 17.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $174,000 after purchasing an additional 44,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Ondas by 12.8% in the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock valued at $480,000 after purchasing an additional 70,502 shares during the period. Institutional investors and hedge funds own 37.73% of the company’s stock.

About Ondas

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.