S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Jaspreet Sood, a director at Ondas Holdings Inc. (NASDAQ:ONDS), recently sold 8,842 shares of the company’s common stock, totaling $6,012. The shares were sold at a price of $0.68 each. This sale was part of a transaction to cover tax liabilities associated with the vesting of restricted stock units (RSUs). Following the transaction, Sood holds 149,295 shares in the company, representing a notable stake in the $74.3 million market cap company. According to InvestingPro data, ONDS stock has experienced significant volatility, with shares down nearly 73% year-to-date.
On March 20, Sood also acquired 21,035 shares upon the vesting of RSUs, although these were not sold and were acquired at no cost. This acquisition increased Sood’s holdings to 158,137 shares before the sale. InvestingPro analysis indicates the stock is currently in oversold territory, with 12 additional key insights available to subscribers. The RSUs, granted in November 2024, vest quarterly through 2025, contingent upon Sood remaining a director at Ondas Holdings.
In other recent news, Andas Holdings reported its financial results for the fourth quarter of 2024, revealing a revenue shortfall against expectations. The company posted revenues of $4.1 million for the quarter, which was below the forecasted $5.75 million, and a full-year revenue of $7.2 million, marking a 54% decrease year-over-year. Despite these challenges, Andas Holdings projects a total revenue of $25 million for 2025, with significant contributions expected from its OAS segment. The company plans to continue investing in AI and autonomous technologies while expanding its footprint in military and homeland security markets. Additionally, Andas Holdings has established a strategic partnership with Palantir Technologies (NASDAQ:PLTR) to leverage their Foundry AI platform, aiming to enhance operational efficiencies. The company also announced the addition of new leadership members to its team, who bring extensive experience in defense and autonomous systems. These recent developments indicate a strategic focus on overcoming operational challenges and pursuing growth opportunities in various sectors.
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