Eric Brock Sells 2,378,245 Shares of Ondas (NASDAQ:ONDS) Stock

Ondas Holdings Inc. (NASDAQ:ONDS) CEO Eric Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ondas Price Performance

NASDAQ ONDS opened at $11.61 on Thursday. Ondas Holdings Inc. has a 1 year low of $1.36 and a 1 year high of $15.28. The stock has a market capitalization of $5.86 billion, a PE ratio of 290.25 and a beta of 2.60. The company’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $10.02.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. On average, research analysts anticipate that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ONDS shares. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Needham & Company LLC restated a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. Northland Securities lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ONDS. JPMorgan Chase & Co. grew its holdings in shares of Ondas by 3,558,617.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. DNB Asset Management AS boosted its position in Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after buying an additional 154,792 shares during the period. Ghisallo Capital Management LLC bought a new position in shares of Ondas during the third quarter valued at about $7,720,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Ondas in the fourth quarter worth about $6,734,000. Finally, Vanguard Group Inc. lifted its stake in shares of Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after acquiring an additional 7,024,549 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

About Ondas

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.