Ondas Holdings Inc. (NASDAQ:ONDS) Director Thomas Bushey Sells 75,000 Shares

Ondas Holdings Inc. (NASDAQ:ONDS – Get Rating) Director Thomas Bushey sold 75,000 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $1.28, for a total transaction of $96,000.00. Following the completion of the sale, the director now directly owns 252,642 shares in the company, valued at $323,381.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Thomas Bushey also recently made the following trade(s):

• On Wednesday, December 21st, Thomas Bushey sold 54,902 shares of Ondas stock. The shares were sold at an average price of $1.87, for a total transaction of $102,666.74.
• On Friday, December 23rd, Thomas Bushey sold 72,804 shares of Ondas stock. The shares were sold at an average price of $1.67, for a total transaction of $121,582.68.

Ondas Trading Down 11.0 %

Shares of Ondas stock traded down $0.16 during mid-day trading on Friday, hitting $1.30. 780,158 shares of the stock were exchanged, compared to its average volume of 320,876. Ondas Holdings Inc. has a twelve month low of $1.26 and a twelve month high of $8.30. The stock has a market capitalization of $55.74 million, a price-to-earnings ratio of -0.75 and a beta of 0.41. The company has a 50-day simple moving average of $1.90 and a 200 day simple moving average of $2.73.

Analysts Set New Price Targets

Separately, Oppenheimer cut shares of Ondas from an “outperform” rating to a “market perform” rating in a research note on Friday.

Institutional Investors Weigh In On Ondas

Several hedge funds have recently modified their holdings of ONDS. Citigroup Inc. lifted its holdings in shares of Ondas by 795.0% during the 1st quarter. Citigroup Inc. now owns 37,511 shares of the company’s stock worth $274,000 after acquiring an additional 33,320 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ondas by 4.5% during the 1st 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 period. UBS Group AG lifted its holdings in shares of Ondas by 124.7% during the 1st quarter. UBS Group AG now owns 48,921 shares of the company’s stock worth $357,000 after acquiring an additional 27,148 shares during the period. State Street Corp lifted its holdings in shares of Ondas by 35.7% during the 1st quarter. State Street Corp now owns 97,733 shares of the company’s stock worth $713,000 after acquiring an additional 25,733 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Ondas by 9.1% during the 1st quarter. Royal Bank of Canada now owns 71,927 shares of the company’s stock worth $525,000 after acquiring an additional 5,988 shares during the period. 23.59% of the stock is owned by institutional investors and hedge funds.

Ondas Company Profile

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Ondas Holdings, Inc engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. Its products include FullMAX network, which gives end-to-end IP connectivity, allowing utilities to extend secure corporate networks into the far reaches of service territories.