CI Investments Inc. Makes New Investment in Ondas Holdings Inc. $ONDS

CI Investments Inc. bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 470,662 shares of the company’s stock, valued at approximately $4,255,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after acquiring an additional 2,063,998 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Ondas in the 4th quarter valued at approximately $6,734,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Ondas in the 4th quarter valued at approximately $1,052,000. Legal & General Group Plc purchased a new position in shares of Ondas in the 4th quarter worth approximately $14,215,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares during the period. Institutional investors own 37.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ONDS shares. Needham & Company LLC decreased their price target on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Northland Securities lifted their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Ondas Trading Down 0.9%

ONDS opened at $7.93 on Friday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 198.25 and a beta of 2.69. Ondas Holdings Inc. has a 12-month low of $1.78 and a 12-month high of $15.28. The business’s fifty day simple moving average is $9.02 and its 200-day simple moving average is $9.99.

Insider Buying and Selling

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction 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 represents a 39.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last three months. 1.67% of the stock is owned by company 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.