Investors Purchase Large Volume of Call Options on Ondas (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of unusually large options trading on Tuesday. Traders purchased 2,649 call options on the stock. This represents an increase of approximately 199% compared to the typical daily volume of 887 call options.

Insider Transactions at Ondas

In related news, Director Randy Seidl sold 21,359 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 124,513 shares of the company’s stock, valued at approximately $160,621.77. This represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.90% of the company’s stock.

Institutional Trading of Ondas

A number of institutional investors and hedge funds have recently bought and sold shares of ONDS. Geode Capital Management LLC grew its stake in Ondas by 12.8% during the third quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock worth $480,000 after buying an additional 70,502 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings 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 valued at $314,000 after acquiring an additional 107,400 shares in the last quarter. Finally, Wealth Effects LLC boosted its position in Ondas by 7.7% during the 3rd quarter. Wealth Effects LLC now owns 168,500 shares of the company’s stock worth $130,000 after purchasing an additional 12,000 shares during the period. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Trading Down 1.8 %

Shares of NASDAQ ONDS traded down $0.04 during trading on Tuesday, hitting $1.92. 5,256,681 shares of the company traded hands, compared to its average volume of 828,553. The firm has a market capitalization of $148.02 million, a P/E ratio of -2.66 and a beta of 2.55. 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 has a 50-day moving average price of $0.91 and a 200-day moving average price of $0.84. Ondas has a 1 year low of $0.54 and a 1 year high of $2.20.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $1.48 million for the quarter, compared to analysts’ expectations of $1.32 million. Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. During the same period last year, the firm posted ($0.15) EPS. On average, equities analysts predict that Ondas will post -0.53 EPS for the current year.

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.