RFG Advisory LLC Purchases 1,012,353 Shares of Ondas Holdings Inc. $ONDS

Key Points

• RFG Advisory increased its Ondas Holdings stake by 57% in the second quarter, purchasing 1,012,353 additional shares for a total of 2.79 million shares valued at approximately $23 million. Institutional investors collectively own 37.73% of the company.
• Ondas reported quarterly revenue of $83.77 million, exceeding analyst expectations of $67.97 million, but its adjusted loss of $0.19 per share was wider than the expected $0.09 loss.
• Analyst sentiment remains generally positive, with eight Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $17.18 versus the stock’s reported $7.62 price.

RFG Advisory LLC increased its holdings in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) by 57.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,787,202 shares of the company's stock after acquiring an additional 1,012,353 shares during the quarter. RFG Advisory LLC owned approximately 0.49% of Ondas worth $22,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position in Ondas by 47.4% during the 2nd quarter. NewEdge Advisors LLC now owns 43,484 shares of the company's stock valued at $358,000 after purchasing an additional 13,993 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its position in shares of Ondas by 63.0% in the 2nd quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company's stock worth $8,380,000 after purchasing an additional 393,133 shares during the period. IFP Advisors Inc boosted its stake in shares of Ondas by 271.1% during the second quarter. IFP Advisors Inc now owns 24,092 shares of the company's stock valued at $199,000 after purchasing an additional 17,600 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Ondas by 10.7% during the second quarter. Arizona State Retirement System now owns 123,118 shares of the company's stock valued at $1,014,000 after purchasing an additional 11,938 shares in the last quarter. Finally, Nykredit A S purchased a new position in Ondas during the second quarter valued at approximately $99,000. 37.73% of the stock is currently owned by institutional investors.

Ondas Stock Performance

NASDAQ ONDS opened at $7.62 on Wednesday. The firm's fifty day simple moving average is $8.00 and its two-hundred day simple moving average is $9.26. The firm has a market capitalization of $4.35 billion, a P/E ratio of -108.86 and a beta of 2.74. Ondas Holdings Inc. has a 12-month low of $4.95 and a 12-month high of $15.28.

Ondas (NASDAQ:ONDS - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $83.77 million for the quarter, compared to analysts' expectations of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, sell-side analysts predict that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Ondas news, Director Richard Cohen sold 7,500 shares of the 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 sale, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. This trade represents a 2.78% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.67% of the company's stock.

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.

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