Wealth Effects LLC raised its position in Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,900 shares of the company’s stock after buying an additional 39,400 shares during the quarter. Wealth Effects LLC owned 0.27% of Ondas worth $532,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. grew its stake 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 valued at $97,000 after acquiring an additional 5,000 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Ondas by 35.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company’s stock valued at $314,000 after purchasing an additional 107,400 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Ondas by 12.8% during the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock worth $480,000 after purchasing an additional 70,502 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.
Insider Activity
In related news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the sale, the director now directly owns 124,513 shares of the company’s stock, valued at approximately $160,621.77. The trade was a 14.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.90% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on ONDS
Ondas Trading Down 4.9 %
Shares of NASDAQ ONDS opened at $1.94 on Tuesday. Ondas Holdings Inc. has a 52 week low of $0.54 and a 52 week high of $3.40. The stock’s fifty day moving average is $1.66 and its 200 day moving average is $1.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43.
Ondas (NASDAQ:ONDS – Get Free Report) last issued 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). The firm had revenue of $1.48 million during 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 posted ($0.15) earnings per share. As a group, analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.
Ondas Company Profile
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.
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