GatePass Capital LLC grew its holdings in Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) by 100.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Ondas accounts for about 1.0% of GatePass Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. GatePass Capital LLC’s holdings in Ondas were worth $1,952,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ONDS. IFP Advisors Inc grew its holdings in Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the period. Avion Wealth boosted its position in shares of Ondas by 100.0% during 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 grew its stake in shares of Ondas by 4,600.0% during 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 during the period. Wexford Capital LP acquired a new position in shares of Ondas during the 3rd quarter worth $67,000. Finally, SG Americas Securities LLC purchased a new position in shares of Ondas in the 3rd quarter valued at about $78,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the transaction, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of the company’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 transaction, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on ONDS
Ondas Price Performance
Shares of Ondas stock opened at $9.06 on Tuesday. Ondas Holdings Inc. has a 1 year low of $0.86 and a 1 year high of $15.28. The business has a 50 day moving average price of $9.82 and a 200 day moving average price of $9.70. The company has a market capitalization of $4.49 billion, a P/E ratio of 226.50 and a beta of 2.56.
Ondas (NASDAQ:ONDS – Get Free Report) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) EPS 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 company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. As a group, research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.
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.
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