Nations Financial Group Inc. IA ADV Sells 148,419 Shares of Ondas Holdings Inc. $ONDS

Nations Financial Group Inc. IA ADV decreased its holdings in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 45.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,710 shares of the company’s stock after selling 148,419 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Ondas were worth $1,597,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Van ECK Associates Corp acquired a new stake in Ondas in the 4th quarter valued at $71,202,000. Vanguard Group Inc. boosted its stake in shares of Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after buying an additional 7,024,549 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of 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 in the last quarter. Marshall Wace LLP bought a new position in shares of Ondas in the 4th quarter valued at about $33,473,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Ondas by 9,274.9% in 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.

Ondas Stock Performance

Shares of ONDS stock opened at $8.89 on Tuesday. The firm’s 50-day moving average is $10.12 and its 200-day moving average is $10.21. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 222.25 and a beta of 2.60. Ondas Holdings Inc. has a 52-week low of $1.36 and a 52-week high of $15.28.

Ondas (NASDAQ:ONDS) last issued its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Sell-side analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ONDS has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $23.00 target price on shares of Ondas in a report on Tuesday, May 19th. Northland Securities boosted their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

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.