AMH Equity Ltd Makes New Investment in Ondas Holdings Inc. (NASDAQ:ONDS)

AMH Equity Ltd purchased a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) during the 4th quarter, Holdings Channel reports. The firm purchased 372,000 shares of the company’s stock, valued at approximately $952,000. Ondas accounts for about 0.9% of AMH Equity Ltd’s holdings, making the stock its 27th largest position.

Other large investors have also modified their holdings of the company. Penbrook Management LLC purchased a new stake in Ondas in the 4th quarter valued at approximately $28,000. Koshinski Asset Management Inc. raised its holdings in shares of Ondas by 15.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company’s stock worth $97,000 after acquiring an additional 5,000 shares during the last quarter. Wealth Effects LLC raised its holdings in shares of Ondas by 23.4% in the fourth quarter. Wealth Effects LLC now owns 207,900 shares of the company’s stock worth $532,000 after acquiring an additional 39,400 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Ondas by 35.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company’s stock valued at $314,000 after acquiring an additional 107,400 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ondas by 12.8% during the third quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock valued at $480,000 after acquiring an additional 70,502 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $1.29, for a total value of $27,553.11. Following the completion of the sale, the director now owns 124,513 shares in the company, valued at $160,621.77. The trade was a 14.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Northland Securities boosted their target price on shares of Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a research note on Monday, December 30th.

Ondas Stock Performance

Shares of ONDS opened at $1.08 on Thursday. Ondas Holdings Inc. has a 1 year low of $0.54 and a 1 year high of $3.40. The company’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $1.24. The company has a market capitalization of $98.59 million, a price-to-earnings ratio of -1.50 and a beta of 1.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43.

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.