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

Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl sold 21,359 shares of the firm’s 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 of the company’s stock, valued at $160,621.77. This represents a 14.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ondas Price Performance

Shares of ONDS opened at $1.47 on Friday. The firm has a market cap of $113.62 million, a PE ratio of -2.04 and a beta of 2.55. 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 quick ratio of 0.21 and a current ratio of 0.43. The business’s 50 day moving average price is $0.91 and its two-hundred day moving average price is $0.83.

Ondas (NASDAQ:ONDS) last released its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The company had revenue of $1.48 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned ($0.15) EPS. On average, equities analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Ondas

Institutional investors and 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 valued at $91,000 after buying an additional 14,000 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in Ondas by 17.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $174,000 after acquiring an additional 44,000 shares during the period. Finally, Geode Capital Management LLC grew its stake in Ondas by 12.8% in 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 period. Institutional investors 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.