Bank of America Corp DE Has $12.70 Million Position in Ondas Holdings Inc. $ONDS

Key Points

• Bank of America increased its Ondas Holdings stake by 1,443.9% in the first quarter to 1.4 million shares valued at $12.7 million. Institutional investors now own 37.73% of the company.
• Ondas reported quarterly revenue of $83.77 million, exceeding estimates and reflecting strong growth, but its adjusted loss of $0.19 per share was wider than expected. The company remains unprofitable, with analysts forecasting a full-year loss.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $17.18 versus the reported share price of $8.71. However, high cash burn, execution risks and recent insider selling remain potential concerns.

Bank of America Corp DE grew its holdings in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) by 1,443.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,404,812 shares of the company's stock after buying an additional 1,313,823 shares during the quarter. Bank of America Corp DE owned 0.29% of Ondas worth $12,700,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company's stock valued at $120,000 after acquiring an additional 91,732 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company's stock valued at $2,583,000 after purchasing an additional 490,239 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Ondas in the 2nd quarter valued at approximately $152,000. Sei Investments Co. acquired a new position in shares of Ondas in the 2nd quarter worth approximately $3,086,000. Finally, HRT Financial LP acquired a new position in shares of Ondas in the 2nd quarter worth approximately $2,244,000. 37.73% of the stock is owned by institutional investors.

Ondas Trading Up 3.9%

ONDS opened at $8.71 on Friday. Ondas Holdings Inc. has a 1-year low of $3.80 and a 1-year high of $15.28. The stock has a market capitalization of $4.97 billion, a PE ratio of -124.43 and a beta of 2.72. The firm has a 50-day moving average price of $8.18 and a two-hundred day moving average price of $9.43.

Ondas (NASDAQ:ONDS - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). The company had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. On average, research analysts predict that Ondas Holdings Inc. will post -0.33 EPS for the current year.

Key Stories Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas reported second-quarter revenue of approximately $83.8 million, more than 13 times the year-earlier level, and raised its full-year outlook. Management also highlighted a backlog of roughly $613 million, supporting the growth narrative for its autonomous systems and wireless-networking businesses. High Growth, High Cash Burn: Decoding the Split Narrative on Ondas
• Positive Sentiment: The proposed $33 million acquisition of Aran Defense could expand Ondas’ in-house manufacturing capabilities and strengthen its position in Israel’s autonomous-defense market, although execution and integration remain important risks. Can Aran Defense Buyout Bolster Ondas' Sovereign Defense Strategy?
• Positive Sentiment: Ladenburg raised its price target to $22.75 and maintained a Buy rating, while Roth Capital reiterated its Buy rating. The broader analyst consensus remains “Moderate Buy,” with a reported average target of $17.18. Ladenburg Thalmann Maintains Buy Rating
• Neutral Sentiment: Investors are comparing Ondas favorably with other drone companies because of its stronger revenue growth, backlog and potentially lower valuation, but the company still faces integration risks and must convert its backlog into profitable sales. Ondas vs. Red Cat: Which Drone Stock Is the Better Pick Now?
• Negative Sentiment: Second-quarter adjusted performance was weaker than expected: Ondas reported a loss of $0.19 per share versus the $0.09 analyst consensus. Its high cash burn, negative earnings and expected full-year loss remain overhangs despite strong sales growth.
• Negative Sentiment: Director Richard Cohen sold 7,500 shares for $67,200, reducing his holdings by 2.78%. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal, but it may still weigh modestly on sentiment. Ondas Director Sells 7,500 Shares
• Negative Sentiment: A broader unwinding of the drone-stock trade recently pressured Ondas, alongside declines in peers such as Unusual Machines and Kratos, highlighting the sector’s elevated volatility. Drone Trade Unwinds

Insider Transactions at Ondas

In other Ondas news, 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 value of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares of the company's stock, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the sale, the director owned 261,836 shares in the company, valued at $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ONDS shares. Wall Street Zen lowered Ondas from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Weiss Ratings lowered Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Oppenheimer lifted their price objective on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Needham & Company LLC restated a "buy" rating and issued a $19.00 target price on shares of Ondas in a research note on Friday, August 14th. Finally, LADENBURG THALM/SH SH upped their target price on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a report on Monday, August 17th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.18.

Ondas Profile

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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