Union Square Park Capital Management LLC Makes New Investment in Ondas Holdings Inc. $ONDS

Union Square Park Capital Management LLC bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDSFree Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $904,000.

A number of other large investors also recently made changes to their positions in the company. NFSG Corp raised its stake in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc increased 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 buying an additional 2,892 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in Ondas in the first quarter worth about $35,000. Avion Wealth raised its position in Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Ondas by 228.6% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after acquiring an additional 3,063 shares during the last quarter. 37.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Needham & Company LLC reduced their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Read Our Latest Research Report on ONDS

Insider Activity

In other news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,395,745 shares of company stock worth $32,109,380 over the last ninety days. Company insiders own 1.67% of the company’s stock.

Ondas Stock Performance

Shares of ONDS opened at $7.80 on Friday. The stock’s 50-day simple moving average is $8.97 and its 200 day simple moving average is $9.98. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 195.00 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.

About Ondas

(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.

Further Reading

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Institutional Ownership by Quarter for Ondas (NASDAQ:ONDS)

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