68,487 Shares in Ondas Holdings Inc. $ONDS Bought by Connective Capital Management LLC

by · The Markets Daily

Connective Capital Management LLC purchased a new stake in Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 68,487 shares of the company’s stock, valued at approximately $668,000. Ondas makes up about 0.4% of Connective Capital Management LLC’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in ONDS. Avion Wealth boosted its holdings in Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares during the last quarter. IFP Advisors Inc lifted its position in shares of 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 purchasing an additional 2,892 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Ondas by 30.0% in the 4th quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock valued at $127,000 after purchasing an additional 3,000 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in shares of Ondas by 228.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after purchasing an additional 3,063 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Ondas by 10.3% during the fourth quarter. Wells Fargo & Company MN now owns 36,052 shares of the company’s stock worth $352,000 after buying an additional 3,352 shares during the period. Institutional investors and hedge funds own 37.73% of the company’s stock.

Insider Buying and Selling at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the sale, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ONDS shares. Glj Research set a $17.00 target price on shares of Ondas in a research note on Tuesday, March 10th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. HC Wainwright set a $17.00 price objective on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Read Our Latest Analysis on ONDS

Ondas Price Performance

Shares of ONDS opened at $9.27 on Friday. Ondas Holdings Inc. has a one year low of $1.36 and a one year high of $15.28. The company has a market cap of $4.79 billion, a PE ratio of 231.75 and a beta of 2.60. The stock has a 50-day moving average of $10.13 and a 200-day moving average of $10.19.

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

Ondas Company 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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