Sei Investments Co. Sells 535,737 Shares of Ondas Holdings Inc. $ONDS

Sei Investments Co. lowered its position in Ondas Holdings Inc. (NASDAQ:ONDS) by 32.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,091,095 shares of the company’s stock after selling 535,737 shares during the quarter. Sei Investments Co.’s holdings in Ondas were worth $9,864,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ONDS. Van ECK Associates Corp acquired a new stake in Ondas during the 4th quarter worth approximately $71,202,000. Vanguard Group Inc. increased its position in Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the period. Two Sigma Investments LP increased its position in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the period. Marshall Wace LLP bought a new position in shares of Ondas during the fourth quarter valued at $33,473,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Ondas by 9,274.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after acquiring an additional 3,429,398 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

Insider Transactions at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $71,250.00. Following the completion of the sale, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 in the last quarter. 1.67% of the stock is currently owned by company insiders.

Ondas Stock Performance

Shares of ONDS stock opened at $7.49 on Friday. Ondas Holdings Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $15.28. The stock has a 50 day simple moving average of $8.79 and a two-hundred day simple moving average of $9.78. The company has a market cap of $4.27 billion, a P/E ratio of 187.25 and a beta of 2.69.

Analyst Ratings Changes

ONDS has been the topic of a number of recent research reports. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Needham & Company LLC decreased their price target on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and an average price target of $16.75.

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.