Insider Selling: 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 the 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 directly owns 124,513 shares in the company, valued at $160,621.77. This represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ondas Stock Up 8.1 %

Shares of ONDS stock opened at $1.47 on Monday. The stock’s 50-day simple moving average is $0.91 and its 200-day simple moving average is $0.83. 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 firm has a market capitalization of $113.62 million, a PE ratio of -2.04 and a beta of 2.55. Ondas Holdings Inc. has a fifty-two week low of $0.54 and a fifty-two week high of $1.99.

Ondas (NASDAQ:ONDS) last issued its earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.48 million during the quarter, compared to analysts’ expectations of $1.32 million. During the same quarter in the previous year, the company earned ($0.15) EPS. Equities analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of Ondas

Hedge funds have recently modified their holdings of the stock. Wealth Effects LLC boosted its position in Ondas by 7.7% during the third quarter. Wealth Effects LLC now owns 168,500 shares of the company’s stock worth $130,000 after purchasing an additional 12,000 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in 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 boosted its position in Ondas by 12.8% during the third 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. Hedge funds and other 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.