Diamond Hill Capital Management LLC Investment Advisor Purchases Shares of 81,120 Ondas Holdings Inc. $ONDS

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 81,120 shares of the company’s stock, valued at approximately $668,000.

Several other large investors also recently made changes to their positions in the business. Beaird Harris Wealth Management LLC grew its stake in shares of Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming lifted its position in Ondas by 31.5% during the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after acquiring an additional 1,631 shares in the last quarter. NFSG Corp lifted its position in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares in the last quarter. Steadtrust LLC boosted its holdings in Ondas by 10.3% in the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after acquiring an additional 2,000 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the period. Institutional investors and hedge funds own 37.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ONDS. Roth Capital began coverage on shares of Ondas in a research note on Tuesday, August 11th. They set a “buy” rating and a $13.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Ondas in a research note on Friday. LADENBURG THALM/SH SH raised their price target on shares of Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a report on Monday. Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. 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 analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Stock Down 2.6%

Shares of NASDAQ ONDS opened at $9.00 on Tuesday. Ondas Holdings Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $15.28. The business has a 50 day moving average price of $8.24 and a two-hundred day moving average price of $9.49. The firm has a market cap of $5.13 billion, a PE ratio of -128.57 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The business had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. On average, analysts anticipate that Ondas Holdings Inc. will post -0.33 earnings per share for the current year.

Insider Activity

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.67% of the stock is currently owned by insiders.

About Ondas

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.