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 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 transaction, the director now owns 124,513 shares in the company, valued at $160,621.77. This represents 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

NASDAQ ONDS opened at $1.47 on Monday. The company has a market cap of $113.62 million, a PE ratio of -2.04 and a beta of 2.55. The stock’s 50 day simple moving average is $0.91 and its 200-day simple moving average is $0.83. Ondas Holdings Inc. has a 1-year low of $0.54 and a 1-year high of $1.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.43 and a quick ratio of 0.21.

Ondas (NASDAQ:ONDS) last released its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share 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 analysts’ expectations 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 last year, the business earned ($0.15) EPS. As a group, equities research analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Ondas

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Effects LLC lifted its position 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 acquiring an additional 14,000 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 44,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 70,502 shares during 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.