Ondas Holdings Inc. (NASDAQ:ONDS) Director Sells $27,553.11 in Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $1.29, for a total value of $27,553.11. Following the sale, the director now directly owns 124,513 shares in the company, valued at $160,621.77. The trade was a 14.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ondas Stock Performance

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

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

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently bought and sold shares of ONDS. Wealth Effects LLC raised its holdings in shares of Ondas by 9.8% in the second quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock valued at $91,000 after buying an additional 14,000 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Ondas by 17.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock worth $174,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 purchasing an additional 70,502 shares during the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

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.