Ondas Holdings Inc. $ONDS Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 132.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,951 shares of the company’s stock after purchasing an additional 108,250 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Ondas worth $1,466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC purchased a new stake in shares of Ondas during the third quarter worth $77,000. SG Americas Securities LLC purchased a new stake in Ondas during the 3rd quarter valued at about $78,000. Shikiar Asset Management Inc. purchased a new stake in Ondas during the 3rd quarter valued at about $85,000. Busey Bank acquired a new stake in Ondas in the 3rd quarter valued at about $88,000. Finally, SBI Securities Co. Ltd. lifted its stake in Ondas by 154.9% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Trading Down 8.1%

Shares of NASDAQ:ONDS opened at $10.36 on Friday. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -25.90 and a beta of 2.40. Ondas Holdings Inc. has a 12-month low of $0.57 and a 12-month high of $15.28. The business has a 50-day moving average price of $10.25 and a 200 day moving average price of $7.37.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.04 million. As a group, equities research analysts predict that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Lake Street Capital upped their target price on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Northland Securities set a $16.00 target price on Ondas in a research note on Tuesday, January 20th. Needham & Company LLC boosted their price target on shares of Ondas from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Oppenheimer upped their price objective on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.29.

Insider Activity

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

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.