Renaissance Technologies LLC Has $6.16 Million Holdings in Ondas Holdings Inc. $ONDS

Renaissance Technologies LLC lowered its stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 85.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 680,839 shares of the company’s stock after selling 4,037,461 shares during the period. Renaissance Technologies LLC’s holdings in Ondas were worth $6,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compound Planning Inc. bought a new stake in Ondas during the 1st quarter worth approximately $100,000. Greenline Wealth Management LLC bought a new position in shares of Ondas in the first quarter valued at approximately $196,000. State of Wyoming boosted its position in shares of Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after buying an additional 1,631 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Ondas by 281.3% during the first quarter. Cetera Investment Advisers now owns 707,486 shares of the company’s stock valued at $6,396,000 after buying an additional 521,944 shares during the last quarter. Finally, CI Investments Inc. purchased a new position in shares of Ondas during the first quarter valued at approximately $4,255,000. 37.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Ondas Trading Up 5.9%

Shares of ONDS opened at $8.86 on Wednesday. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 221.50 and a beta of 2.72. The stock has a 50 day moving average of $8.76 and a 200 day moving average of $9.69. Ondas Holdings Inc. has a 12 month low of $2.66 and a 12 month high of $15.28.

Insiders Place Their Bets

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 264,853 shares in the company, valued at $2,516,103.50. This represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. Insiders own 1.67% of the company’s stock.

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.