Swiss National Bank Buys 112,600 Shares of Ondas Holdings Inc. $ONDS

Swiss National Bank increased its stake in shares of Ondas Holdings Inc. (NASDAQ:ONDSFree Report) by 16.4% during the first quarter, HoldingsChannel reports. The fund owned 801,100 shares of the company’s stock after buying an additional 112,600 shares during the period. Swiss National Bank’s holdings in Ondas were worth $7,242,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ONDS. Vanguard Group Inc. boosted its stake in 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. Van ECK Associates Corp acquired a new stake in shares of Ondas in the 4th quarter valued at about $71,202,000. State Street Corp raised its stake in shares of Ondas by 130.2% in the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after purchasing an additional 2,920,071 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Ondas by 1,325.9% in the third 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. Finally, Geode Capital Management LLC lifted its holdings in shares of Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after purchasing an additional 774,862 shares in the last quarter. 37.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ondas news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director owned 295,504 shares in the company, valued at $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 2,395,745 shares of company stock worth $32,109,380. Company insiders own 1.67% of the company’s stock.

Ondas Stock Performance

Shares of ONDS stock opened at $7.86 on Wednesday. The firm’s 50-day moving average is $8.91 and its 200-day moving average is $9.89. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 196.50 and a beta of 2.69. Ondas Holdings Inc. has a 52-week low of $1.78 and a 52-week high of $15.28.

Analyst Ratings Changes

A number of research firms recently issued reports on ONDS. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Needham & Company LLC cut their price objective on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. 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 company’s stock. According to data from MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

View Our Latest Report on ONDS

Ondas Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ondas (NASDAQ:ONDS)

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