T3 Companies LLC bought a new position in Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 76,200 shares of the company’s stock, valued at approximately $744,000. Ondas comprises about 0.9% of T3 Companies LLC’s portfolio, making the stock its 21st biggest position.
Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the last quarter. Avion Wealth increased its stake in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares in the last quarter. American Capital Advisory LLC increased its stake in Ondas by 4,600.0% in the 4th quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after purchasing an additional 4,600 shares in the last quarter. State of Wyoming acquired a new stake in Ondas during the 4th quarter worth about $51,000. Finally, Wexford Capital LP acquired a new stake in Ondas during the 3rd quarter worth about $67,000. 37.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ONDS has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, LADENBURG THALM/SH SH upgraded 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.
Ondas Stock Down 3.5%
ONDS stock opened at $9.31 on Thursday. The firm has a 50 day moving average of $10.12 and a two-hundred day moving average of $10.14. Ondas Holdings Inc. has a 12 month low of $1.36 and a 12 month high of $15.28. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 232.75 and a beta of 2.60.
Ondas (NASDAQ:ONDS – Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $27.49 million. On average, research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.
Insiders Place Their Bets
In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 over the last three months. 1.60% of the stock is currently owned by insiders.
Ondas Company 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.
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