Private Advisor Group LLC Sells 403,432 Shares of Ondas Holdings Inc. $ONDS

Private Advisor Group LLC trimmed its position in Ondas Holdings Inc. (NASDAQ:ONDS) by 82.6% in the first quarter, HoldingsChannel.com reports. The firm owned 84,790 shares of the company’s stock after selling 403,432 shares during the period. Private Advisor Group LLC’s holdings in Ondas were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in Ondas during the first quarter worth $181,000. Shikiar Asset Management Inc. raised its stake in shares of Ondas by 63.4% in the 1st quarter. Shikiar Asset Management Inc. now owns 16,750 shares of the company’s stock valued at $151,000 after buying an additional 6,500 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Ondas by 66.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 75,119 shares of the company’s stock worth $679,000 after acquiring an additional 30,026 shares during the period. Onyx Bridge Wealth Group LLC bought a new position in shares of Ondas during the 1st quarter worth about $190,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Ondas by 292.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 188,869 shares of the company’s stock valued at $1,707,000 after acquiring an additional 140,761 shares in the last quarter. 37.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard M. Cohen sold 7,500 shares of Ondas 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 directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,395,745 shares of company stock worth $32,109,380 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Ondas Stock Performance

Shares of NASDAQ:ONDS opened at $7.36 on Wednesday. Ondas Holdings Inc. has a 52 week low of $1.78 and a 52 week high of $15.28. The company’s fifty day moving average is $9.33 and its 200-day moving average is $10.10. The company has a market capitalization of $3.90 billion, a PE ratio of 184.00 and a beta of 2.69.

Analyst Ratings Changes

A number of research firms recently weighed in on ONDS. Needham & Company LLC lowered their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Northland Securities raised their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.75.

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.