FirstWave Capital Management LLC Purchases 171,021 Shares of Ondas Holdings Inc. $ONDS

by · The Cerbat Gem

FirstWave Capital Management LLC lifted its holdings in Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) by 107.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 330,115 shares of the company’s stock after purchasing an additional 171,021 shares during the quarter. Ondas accounts for approximately 1.2% of FirstWave Capital Management LLC’s investment portfolio, making the stock its 24th largest position. FirstWave Capital Management LLC owned 0.06% of Ondas worth $2,720,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Ondas news, Director Richard Cohen sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the sale, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is owned by insiders.

Ondas Stock Down 0.1%

Shares of Ondas stock opened at $7.62 on Friday. The company has a market capitalization of $4.35 billion, a PE ratio of -108.86 and a beta of 2.74. Ondas Holdings Inc. has a 52 week low of $4.95 and a 52 week high of $15.28. The stock’s fifty day moving average is $8.02 and its two-hundred day moving average is $9.30.

Ondas (NASDAQ:ONDS – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. As a group, research analysts anticipate that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

ONDS has been the subject of several recent research reports. Oppenheimer lifted their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. LADENBURG THALM/SH SH lifted their target price on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a report on Monday, August 17th. Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research note on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Check Out Our Latest Stock Analysis on Ondas

Ondas Profile

(Free Report)

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.

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