Sequoia Financial Advisors LLC Sells 85,030 Shares of Ondas Holdings Inc. $ONDS

Sequoia Financial Advisors LLC reduced its position in Ondas Holdings Inc. (NASDAQ:ONDS) by 85.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,000 shares of the company’s stock after selling 85,030 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ondas were worth $146,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Avion Wealth boosted its position in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc lifted its holdings in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after buying an additional 2,892 shares in the last quarter. American Capital Advisory LLC lifted its holdings in shares of Ondas by 4,600.0% in the fourth quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after buying an additional 4,600 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Ondas in the third quarter worth $67,000. Finally, A&I Financial Services LLC purchased a new position in shares of Ondas in the fourth quarter worth $98,000. 37.73% of the stock is currently owned by institutional investors.

Ondas Trading Down 1.9%

Shares of NASDAQ ONDS opened at $9.18 on Friday. The firm’s 50-day moving average price is $9.86 and its 200-day moving average price is $9.66. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 229.50 and a beta of 2.56. Ondas Holdings Inc. has a 12-month low of $0.84 and a 12-month high of $15.28.

Ondas (NASDAQ:ONDS) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The business had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. On average, equities analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of Ondas in a report on Tuesday. Wall Street Zen raised shares of Ondas from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Northland Securities boosted their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Weiss Ratings raised shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Finally, HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Insider Activity

In other news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the sale, the director directly owned 264,853 shares in the company, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% 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.