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

Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl sold 21,359 shares of the company’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 transaction of $27,553.11. Following the completion of the transaction, the director now owns 124,513 shares in the company, valued at approximately $160,621.77. This trade represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ondas Price Performance

Ondas stock traded up $0.11 during mid-day trading on Friday, hitting $1.47. 5,296,279 shares of the company traded hands, compared to its average volume of 773,794. The stock has a fifty day moving average price of $0.91 and a 200-day moving average price of $0.83. The stock has a market cap of $113.62 million, a price-to-earnings ratio of -2.04 and a beta of 2.55. Ondas Holdings Inc. has a one year low of $0.54 and a one year 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.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data 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 the consensus estimate of $1.32 million. Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. During the same period in the prior year, the firm posted ($0.15) earnings per share. On average, equities analysts predict that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

A number of hedge funds and other institutional investors have recently modified their holdings of ONDS. Wealth Effects LLC lifted its position in Ondas by 9.8% in the 2nd quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock worth $91,000 after buying an additional 14,000 shares during the last quarter. Diamond Hill Capital Management Inc. grew 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 valued at $174,000 after acquiring an additional 44,000 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 worth $480,000 after acquiring an additional 70,502 shares in the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.