Kirtland Hills Capital Management LLC Acquires Shares of 61,772 Ondas Holdings Inc. $ONDS

Kirtland Hills Capital Management LLC bought a new position in shares of Ondas Holdings Inc. (NASDAQ:ONDS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 61,772 shares of the company’s stock, valued at approximately $509,000.

Other large investors have also modified their holdings of the company. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Ondas during the fourth quarter worth about $6,734,000. CI Investments Inc. acquired a new stake in Ondas in the 1st quarter valued at about $4,255,000. The Manufacturers Life Insurance Company raised its holdings in Ondas by 664.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock valued at $1,171,000 after acquiring an additional 112,534 shares during the last quarter. Royal Bank of Canada raised its holdings in Ondas by 160.1% in the 1st quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock valued at $3,477,000 after acquiring an additional 236,782 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Ondas in the 1st quarter worth approximately $5,000,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the transaction, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on 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 transaction, 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 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. 1.67% of the stock is owned by company insiders.

Trending Headlines about Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas reported second-quarter revenue of approximately $83.8 million, more than 13 times the year-earlier level, and raised its full-year outlook. Management also highlighted a backlog of roughly $613 million, supporting the growth narrative for its autonomous systems and wireless-networking businesses. High Growth, High Cash Burn: Decoding the Split Narrative on Ondas
• Positive Sentiment: The proposed $33 million acquisition of Aran Defense could expand Ondas’ in-house manufacturing capabilities and strengthen its position in Israel’s autonomous-defense market, although execution and integration remain important risks. Can Aran Defense Buyout Bolster Ondas’ Sovereign Defense Strategy?
• Positive Sentiment: Ladenburg raised its price target to $22.75 and maintained a Buy rating, while Roth Capital reiterated its Buy rating. The broader analyst consensus remains “Moderate Buy,” with a reported average target of $17.18. Ladenburg Thalmann Maintains Buy Rating
• Neutral Sentiment: Investors are comparing Ondas favorably with other drone companies because of its stronger revenue growth, backlog and potentially lower valuation, but the company still faces integration risks and must convert its backlog into profitable sales. Ondas vs. Red Cat: Which Drone Stock Is the Better Pick Now?
• Negative Sentiment: Second-quarter adjusted performance was weaker than expected: Ondas reported a loss of $0.19 per share versus the $0.09 analyst consensus. Its high cash burn, negative earnings and expected full-year loss remain overhangs despite strong sales growth.
• Negative Sentiment: Director Richard Cohen sold 7,500 shares for $67,200, reducing his holdings by 2.78%. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal, but it may still weigh modestly on sentiment. Ondas Director Sells 7,500 Shares
• Negative Sentiment: A broader unwinding of the drone-stock trade recently pressured Ondas, alongside declines in peers such as Unusual Machines and Kratos, highlighting the sector’s elevated volatility. Drone Trade Unwinds

Wall Street Analysts Forecast Growth

ONDS has been the topic of several recent research reports. Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. LADENBURG THALM/SH SH increased their price target on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a report on Monday, August 17th. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Oppenheimer boosted their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Trading Up 3.9%

Ondas stock opened at $8.71 on Friday. The company has a 50-day moving average price of $8.18 and a 200 day moving average price of $9.43. Ondas Holdings Inc. has a 12-month low of $3.80 and a 12-month high of $15.28. The stock has a market cap of $4.97 billion, a P/E ratio of -124.43 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The firm had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. As a group, analysts forecast that Ondas Holdings Inc. will post -0.33 EPS for the current year.

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.