Quadrature Capital Ltd Purchases New Shares in Ondas Holdings Inc. $ONDS

Quadrature Capital Ltd purchased a new position in Ondas Holdings Inc. (NASDAQ:ONDS) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 365,391 shares of the company’s stock, valued at approximately $705,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Ondas by 57.4% during the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after buying an additional 490,239 shares during the period. XTX Topco Ltd increased its stake in shares of Ondas by 2,796.2% in the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock worth $1,639,000 after acquiring an additional 824,096 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Ondas by 83,399,800.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 833,999 shares of the company’s stock valued at $1,601,000 after acquiring an additional 833,998 shares during the period. Huntleigh Advisors Inc. purchased a new position in Ondas during the 2nd quarter valued at about $1,489,000. Finally, DNB Asset Management AS boosted its stake in Ondas by 48.9% during the second quarter. DNB Asset Management AS now owns 175,162 shares of the company’s stock worth $336,000 after acquiring an additional 57,545 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.

Insider Buying and Selling at Ondas

In other news, Director Ron Stern sold 850,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total transaction of $6,723,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ONDS has been the subject of a number of analyst reports. HC Wainwright began coverage on shares of Ondas in a research note on Monday, October 6th. They set a “buy” rating and a $12.00 target price for the company. Loop Capital set a $10.00 price target on Ondas in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ondas in a research report on Tuesday, November 25th. Needham & Company LLC lifted their price objective on Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Lake Street Capital boosted their target price on Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.67.

Ondas Stock Down 4.1%

NASDAQ:ONDS opened at $7.58 on Tuesday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -18.95 and a beta of 2.42. The company’s 50 day moving average price is $7.72 and its 200-day moving average price is $4.63. Ondas Holdings Inc. has a 52 week low of $0.57 and a 52 week high of $11.70.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The firm had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. Ondas has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Ondas Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.