Ondas Holdings Inc. $ONDS Shares Acquired by DNB Asset Management AS

Key Points

• DNB Asset Management boosted its stake in Ondas by 88.4% in Q3, buying an additional 154,792 shares to hold 329,954 shares (about 0.09% of the company) valued at roughly $2.55 million.
• Company insiders have been net sellers, disposing of 556,605 shares worth about $5.39 million over the past 90 days (insiders now own just 1.6%); notable sales include the director and CFO on December 22.
• Wall Street sentiment is generally positive after multiple price-target raises (Needham to $17, Oppenheimer $16, HC Wainwright $25, Lake Street $19), giving a consensus "Moderate Buy" and an average target of $17.29, while the stock trades near $10 with a market cap of $4.23 billion and a 52-week high of $15.28.

DNB Asset Management AS boosted its position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) by 88.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,954 shares of the company's stock after buying an additional 154,792 shares during the quarter. DNB Asset Management AS owned approximately 0.09% of Ondas worth $2,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ONDS. HBK Sorce Advisory LLC acquired a new stake in shares of Ondas during the third quarter worth $77,000. SG Americas Securities LLC acquired a new stake in Ondas during the third quarter worth about $78,000. Shikiar Asset Management Inc. bought a new position in Ondas in the third quarter worth about $85,000. Busey Bank acquired a new position in Ondas in the third quarter valued at approximately $88,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Ondas during the third quarter valued at approximately $90,000. Institutional investors and hedge funds own 37.73% of the company's stock.

Ondas Stock Down 6.1%

ONDS stock opened at $10.02 on Wednesday. The company has a 50-day simple moving average of $10.94 and a 200 day simple moving average of $8.54. The company has a market capitalization of $4.23 billion, a P/E ratio of -25.05 and a beta of 2.47. Ondas Holdings Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $15.28.

Insiders Place Their Bets

In other news, Director Richard M. Cohen sold 25,861 shares of the business's stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the sale, the director owned 197,746 shares of the company's stock, valued at approximately $1,874,632.08. The trade was a 11.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil J. Laird sold 4,526 shares of Ondas stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $42,906.48. Following the transaction, the chief financial officer directly owned 8,224 shares in the company, valued at approximately $77,963.52. The trade was a 35.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 556,605 shares of company stock valued at $5,385,865. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Needham & Company LLC raised their price target on Ondas from $12.00 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Zacks Research cut Ondas from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 18th. Oppenheimer upped their price target on shares of Ondas from $12.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 20th. HC Wainwright lifted their price objective on shares of Ondas from $12.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, January 20th. Finally, Lake Street Capital boosted their target price on shares of Ondas from $10.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.29.

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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