Ondas Sees Unusually Large Options Volume (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 13,588 call options on the stock. This is an increase of approximately 249% compared to the typical daily volume of 3,896 call options.

Insider Activity at Ondas

In other 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 value of $27,553.11. Following the transaction, the director now owns 124,513 shares of the company’s stock, valued at $160,621.77. This trade represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.90% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Heights Capital Management Inc. grew its stake in shares of Ondas by 397.6% in the fourth quarter. Heights Capital Management Inc. now owns 4,811,354 shares of the company’s stock worth $12,317,000 after acquiring an additional 3,844,401 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Ondas in the fourth quarter worth $3,288,000. Geode Capital Management LLC grew its stake in shares of Ondas by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 726,165 shares of the company’s stock worth $1,859,000 after acquiring an additional 103,570 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Ondas by 50.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 614,291 shares of the company’s stock worth $1,573,000 after acquiring an additional 206,891 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Ondas in the fourth quarter worth $1,050,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Trading Down 3.7 %

NASDAQ:ONDS opened at $0.70 on Thursday. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40. The firm has a market cap of $63.62 million, a price-to-earnings ratio of -0.97 and a beta of 2.00. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $1.71 and its 200-day moving average is $1.25.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. Equities analysts anticipate that Ondas will post -0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Northland Securities lifted their price target on shares of Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a research report on Monday, December 30th.

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.