Huntleigh Advisors Inc. Sells 301,122 Shares of Ondas Holdings Inc. $ONDS

Huntleigh Advisors Inc. reduced its holdings in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 38.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 474,392 shares of the company’s stock after selling 301,122 shares during the period. Huntleigh Advisors Inc.’s holdings in Ondas were worth $3,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its stake in Ondas by 154.9% during the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after purchasing an additional 9,904 shares during the period. HBK Sorce Advisory LLC bought a new position in shares of Ondas during the 3rd quarter worth approximately $77,000. SG Americas Securities LLC acquired a new stake in shares of Ondas during the 3rd quarter worth approximately $78,000. Shikiar Asset Management Inc. bought a new stake in shares of Ondas in the 3rd quarter valued at $85,000. Finally, Busey Bank bought a new stake in shares of Ondas in the 3rd quarter valued at $88,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Ondas Stock Performance

Shares of ONDS opened at $13.13 on Wednesday. The firm has a market capitalization of $5.07 billion, a P/E ratio of -32.83 and a beta of 2.40. Ondas Holdings Inc. has a 52 week low of $0.57 and a 52 week high of $15.28. The stock has a 50 day moving average price of $9.43 and a two-hundred day moving average price of $6.86.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The company had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Transactions at Ondas

In other news, Director Randy Seidl sold 21,520 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $204,009.60. Following the completion of the sale, the director owned 212,470 shares in the company, valued at $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the transaction, the chief executive officer directly owned 1,461,255 shares in the company, valued at $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,406,605 shares of company stock worth $12,109,365. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ONDS has been the subject of a number of research reports. Loop Capital set a $10.00 price target on shares of Ondas in a report on Wednesday, November 26th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Lake Street Capital boosted their target price on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. Finally, Stifel Nicolaus raised their price objective on Ondas from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.14.

Ondas 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.