WINTON GROUP Ltd purchased a new position in Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 87,278 shares of the company’s stock, valued at approximately $852,000.
A number of other institutional investors have also recently made changes to their positions in ONDS. Vanguard Group Inc. boosted its stake in shares of Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Ondas in the third quarter worth approximately $25,967,000. JPMorgan Chase & Co. boosted its stake in shares of Ondas by 3,558,617.2% in the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after acquiring an additional 2,063,998 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Ondas in the fourth quarter worth approximately $19,517,000. 37.73% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Ondas
In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,395,745 shares of company stock worth $32,109,380 over the last quarter. 1.60% of the stock is currently owned by company insiders.
Ondas Stock Performance
Ondas (NASDAQ:ONDS – Get Free Report) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The company had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. On average, analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on ONDS shares. Weiss Ratings upgraded Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Glj Research set a $17.00 price objective on Ondas in a research report on Tuesday, March 10th. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. Finally, Northland Securities lifted their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.
Check Out Our Latest Stock Report on Ondas
Ondas Company Profile
Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.
The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.
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