Ondas Holdings Inc. (NASDAQ:ONDS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 622,595 shares of the company’s stock after buying an additional 70,502 shares during the period. Geode Capital Management LLC owned 0.89% of Ondas worth $480,000 as of its most recent filing with the SEC.

Separately, Diamond Hill Capital Management Inc. boosted its stake in shares of Ondas by 35.8% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company’s stock worth $314,000 after acquiring an additional 107,400 shares in the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Trading Down 11.8 %

Shares of ONDS stock opened at $2.24 on Monday. The stock has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.02. Ondas Holdings Inc. has a 1-year low of $0.54 and a 1-year high of $3.40. The company has a market cap of $173.14 million, a price-to-earnings ratio of -3.11 and a beta of 1.95. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share 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 for the quarter, compared to analyst estimates of $1.32 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. On average, equities research analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the sale, the director now owns 124,513 shares of the company’s stock, valued at $160,621.77. The trade was a 14.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.90% of the stock is currently owned by corporate insiders.

Ondas Company Profile

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.