690,000 Shares in Ondas Holdings Inc. $ONDS Bought by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Ondas Holdings Inc. (NASDAQ:ONDSFree Report) during the 4th quarter, Holdings Channel reports. The firm purchased 690,000 shares of the company’s stock, valued at approximately $6,734,000.

Other large investors also recently modified their holdings of the company. Handelsbanken Fonder AB acquired a new stake in shares of Ondas in the fourth quarter valued at about $968,000. Staley Capital Advisers Inc. boosted its position in Ondas by 58.3% during the fourth quarter. Staley Capital Advisers Inc. now owns 19,000 shares of the company’s stock valued at $185,000 after purchasing an additional 7,000 shares during the last quarter. DNB Asset Management AS grew its stake in Ondas by 104.4% in the fourth quarter. DNB Asset Management AS now owns 674,498 shares of the company’s stock valued at $6,583,000 after purchasing an additional 344,544 shares in the last quarter. Triton Wealth Management PLLC bought a new position in Ondas in the fourth quarter valued at approximately $102,000. Finally, Allworth Financial LP increased its position in shares of Ondas by 1,691.3% during the 4th quarter. Allworth Financial LP now owns 27,855 shares of the company’s stock worth $272,000 after purchasing an additional 26,300 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ONDS has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price objective on shares of Ondas in a research note on Tuesday. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a report on Saturday. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Finally, Stifel Nicolaus lifted their price objective on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Read Our Latest Stock Analysis on ONDS

Ondas Stock Down 5.9%

ONDS opened at $9.13 on Wednesday. Ondas Holdings Inc. has a 12-month low of $0.83 and a 12-month high of $15.28. The business has a 50 day moving average of $9.88 and a 200-day moving average of $9.62. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 228.25 and a beta of 2.56.

Ondas (NASDAQ:ONDSGet 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). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The business had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. As a group, analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Ondas News Summary

Here are the key news stories impacting Ondas this week:

About Ondas

(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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Institutional Ownership by Quarter for Ondas (NASDAQ:ONDS)

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