Bank of New York Mellon Corp Purchases New Position in Ondas Holdings Inc. $ONDS

Key Points

• Bank of New York Mellon purchased 1.60 million Ondas shares worth approximately $13.2 million, while institutional investors collectively held 37.73% of the company.
• Analyst sentiment is broadly positive: eight analysts rate Ondas a Buy, with an average target price of $17.18, although ratings range from Strong Sell to Buy.
• Ondas reported quarterly revenue of $83.77 million, exceeding estimates, but its loss of $0.19 per share was wider than expected. The stock opened at $7.04, below its 52-week high of $15.28.

Bank of New York Mellon Corp purchased a new stake in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,596,859 shares of the company's stock, valued at approximately $13,158,000. Bank of New York Mellon Corp owned 0.28% of Ondas at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company's stock valued at $183,167,000 after buying an additional 5,351,725 shares in the last quarter. Van ECK Associates Corp bought a new stake in Ondas during the 4th quarter worth about $71,202,000. State Street Corp increased its position in 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 acquiring an additional 2,920,071 shares in the last quarter. Two Sigma Investments LP raised its stake 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 worth $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company's stock worth $41,558,000 after purchasing an additional 774,862 shares in the last quarter. Institutional investors own 37.73% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ONDS shares. Zacks Research upgraded Ondas from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Oppenheimer lifted their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. LADENBURG THALM/SH SH boosted their price target on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Ondas from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Ondas in a report on Tuesday, August 18th. Eight equities research 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.18.

Insider Buying and Selling at Ondas

In other news, Director Richard M. Cohen sold 7,500 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director owned 261,836 shares in the company, valued at $2,346,050.56. This trade represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is owned by insiders.

Ondas Price Performance

ONDS stock opened at $7.04 on Wednesday. The stock has a market capitalization of $4.02 billion, a P/E ratio of -100.57 and a beta of 2.74. Ondas Holdings Inc. has a fifty-two week low of $4.90 and a fifty-two week high of $15.28. The business has a 50-day moving average of $8.03 and a 200-day moving average of $9.33.

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). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The firm had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Equities analysts expect that Ondas Holdings Inc. will post -0.47 EPS for the current year.

Ondas Company 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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