Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) major shareholder Joseph V. Popolo acquired 200,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $1.05 per share, with a total value of $210,000.00. Following the completion of the purchase, the insider now owns 1,067,967 shares in the company, valued at approximately $1,121,365.35. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Ondas Stock Up 24.3 %
Shares of ONDS opened at $1.13 on Tuesday. The firm has a market cap of $65.89 million, a P/E ratio of -0.74 and a beta of 0.97. Ondas Holdings Inc. has a 12 month low of $0.31 and a 12 month high of $2.93. The stock’s 50 day moving average is $0.58 and its two-hundred day moving average is $0.91. The company has a current ratio of 0.85, a quick ratio of 0.35 and a debt-to-equity ratio of 0.10.
Wall Street Analysts Forecast Growth
Separately, Northland Securities lowered their price target on shares of Ondas from $4.00 to $2.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th.
Institutional Trading of Ondas
A number of institutional investors and hedge funds have recently modified their holdings of ONDS. Citigroup Inc. boosted its holdings in Ondas by 795.0% in the 1st quarter. Citigroup Inc. now owns 37,511 shares of the company’s stock worth $274,000 after buying an additional 33,320 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ondas by 4.5% in the first quarter. Vanguard Group Inc. now owns 1,317,685 shares of the company’s stock worth $9,619,000 after acquiring an additional 57,325 shares during the last quarter. UBS Group AG increased its position in shares of Ondas by 124.7% during the first quarter. UBS Group AG now owns 48,921 shares of the company’s stock worth $357,000 after purchasing an additional 27,148 shares in the last quarter. State Street Corp increased its position in shares of Ondas by 35.7% during the first quarter. State Street Corp now owns 97,733 shares of the company’s stock worth $713,000 after purchasing an additional 25,733 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Ondas by 9.1% in the 1st quarter. Royal Bank of Canada now owns 71,927 shares of the company’s stock valued at $525,000 after purchasing an additional 5,988 shares during the last quarter. Hedge funds and other institutional investors own 14.84% of the company’s stock.
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.
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