RFG Advisory LLC Takes $16.05 Million Position in Ondas Holdings Inc. $ONDS

RFG Advisory LLC purchased a new position in Ondas Holdings Inc. (NASDAQ:ONDS) during the first quarter, Holdings Channel reports. The firm purchased 1,774,849 shares of the company’s stock, valued at approximately $16,045,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AdvisorNet Financial Inc bought a new stake in Ondas during the first quarter worth about $35,000. XML Financial LLC acquired a new position in shares of Ondas in the 1st quarter valued at approximately $131,000. Brookstone Capital Management acquired a new position in shares of Ondas in the 1st quarter valued at approximately $701,000. SG Americas Securities LLC lifted its holdings in shares of Ondas by 134.7% during the 1st quarter. SG Americas Securities LLC now owns 43,174 shares of the company’s stock worth $390,000 after acquiring an additional 24,779 shares during the period. Finally, Purpose Unlimited Inc. bought a new stake in shares of Ondas during the 4th quarter worth approximately $149,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ONDS. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Needham & Company LLC restated a “buy” rating and set a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. Finally, LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the company’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 transaction, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is currently owned by company insiders.

Ondas Price Performance

Ondas stock opened at $7.68 on Thursday. The business has a 50 day moving average of $10.07 and a 200-day moving average of $10.20. The company has a market capitalization of $4.02 billion, a P/E ratio of 192.00 and a beta of 2.60. Ondas Holdings Inc. has a 1 year low of $1.53 and a 1 year high of $15.28.

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

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.