FirstWave Capital Management LLC Acquires 171,021 Shares of Ondas Holdings Inc. $ONDS

FirstWave Capital Management LLC boosted its stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 107.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 330,115 shares of the company’s stock after buying an additional 171,021 shares during the period. Ondas accounts for about 1.2% of FirstWave Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. FirstWave Capital Management LLC’s holdings in Ondas were worth $2,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beaird Harris Wealth Management LLC raised its position in shares of Ondas by 3.8% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after acquiring an additional 1,000 shares in the last quarter. State of Wyoming grew its stake in Ondas by 31.5% in the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after purchasing an additional 1,631 shares during the last quarter. NFSG Corp raised its holdings in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares in the last quarter. Steadtrust LLC raised its holdings in Ondas by 10.3% in the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares in the last quarter. Finally, IFP Advisors Inc lifted its position 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 buying an additional 2,892 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Ondas Trading Down 0.1%

NASDAQ ONDS opened at $7.62 on Friday. Ondas Holdings Inc. has a 12-month low of $4.95 and a 12-month high of $15.28. The company has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $9.30. The stock has a market cap of $4.35 billion, a P/E ratio of -108.86 and a beta of 2.74.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, sell-side analysts forecast that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Ondas

In other news, Director Richard Cohen sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ONDS shares. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Ondas in a report on Friday, August 14th. LADENBURG THALM/SH SH increased their target price on shares of Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Finally, Oppenheimer increased their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.18.

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.