XTX Topco Ltd Buys 824,096 Shares of Ondas Holdings Inc. $ONDS

XTX Topco Ltd boosted its stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 2,796.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 853,568 shares of the company’s stock after purchasing an additional 824,096 shares during the period. XTX Topco Ltd owned 0.48% of Ondas worth $1,639,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Ondas by 154.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after buying an additional 9,904 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Ondas in the first quarter valued at $34,000. Penbrook Management LLC bought a new position in shares of Ondas in the 2nd quarter valued at about $35,000. Exencial Wealth Advisors LLC acquired a new position in shares of Ondas during the 2nd quarter worth about $36,000. Finally, Trivium Point Advisory LLC acquired a new position in shares of Ondas during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Wall Street Analyst Weigh In

ONDS has been the subject of a number of recent analyst reports. Loop Capital set a $10.00 price objective on Ondas in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ondas in a report on Tuesday. Oppenheimer raised shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Friday, November 14th. Lake Street Capital increased their price objective on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Research downgraded shares of Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.67.

Ondas Stock Performance

Shares of NASDAQ ONDS opened at $8.24 on Friday. The stock has a market capitalization of $3.04 billion, a P/E ratio of -20.60 and a beta of 2.43. The stock’s fifty day moving average is $7.69 and its 200 day moving average is $4.48. Ondas Holdings Inc. has a 52 week low of $0.57 and a 52 week high of $11.70.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The firm had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. Ondas has set its FY 2025 guidance at EPS. Equities research analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In other Ondas news, Director Ron Stern sold 850,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total value of $6,723,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.