Ondas Target of Unusually Large Options Trading (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of some unusual options trading on Tuesday. Investors purchased 2,649 call options on the company. This represents an increase of 199% compared to the average volume of 887 call options.

Insider Activity

In other news, Director Randy Seidl sold 21,359 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $1.29, for a total value of $27,553.11. Following the sale, the director now directly owns 124,513 shares in the company, valued at approximately $160,621.77. This trade represents a 14.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.90% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Effects LLC increased its stake in shares of Ondas by 9.8% in the second quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock worth $91,000 after acquiring an additional 14,000 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in 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 grew its position in Ondas by 12.8% during the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock worth $480,000 after purchasing an additional 70,502 shares during the period. 37.73% of the stock is owned by hedge funds and other institutional investors.

Ondas Price Performance

Shares of ONDS opened at $2.02 on Thursday. The company has a 50 day moving average of $0.95 and a two-hundred day moving average of $0.85. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. Ondas has a twelve month low of $0.54 and a twelve month high of $2.20. The company has a market cap of $156.13 million, a price-to-earnings ratio of -2.81 and a beta of 2.55.

Ondas (NASDAQ:ONDS) last announced 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). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The business had revenue of $1.48 million for the quarter, compared to analysts’ expectations of $1.32 million. During the same quarter last year, the firm earned ($0.15) earnings per share. As a group, analysts predict that Ondas will post -0.53 earnings per share for the current fiscal year.

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.