Legal & General Group Plc Acquires New Position in Ondas Holdings Inc. $ONDS

Legal & General Group Plc bought a new position in Ondas Holdings Inc. (NASDAQ:ONDS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,537,400 shares of the company’s stock, valued at approximately $14,215,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Ondas by 109.9% during the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after acquiring an additional 7,024,549 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Ondas in the 3rd quarter valued at $25,967,000. JPMorgan Chase & Co. grew its holdings in shares of Ondas by 3,558,617.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Ondas during the 4th quarter valued at $19,517,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Insider Buying and Selling at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the firm’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 completion of the sale, the director directly owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is owned by corporate insiders.

Ondas Stock Up 0.9%

Ondas stock opened at $13.58 on Wednesday. Ondas Holdings Inc. has a twelve month low of $1.36 and a twelve month high of $15.28. The company has a market capitalization of $6.86 billion, a P/E ratio of 339.50 and a beta of 2.60. The stock’s 50 day moving average is $9.96 and its 200 day moving average is $9.93.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ONDS shares. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. Northland Securities lifted their price target on 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 Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. Finally, HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

About Ondas

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.