X Square Capital LLC Purchases New Stake in Ondas Holdings Inc. $ONDS

Key Points

• X Square Capital LLC acquired 200,000 Ondas shares in the second quarter, worth approximately $1.65 million. Institutional investors collectively own 37.73% of the company, with several major funds increasing their positions.
• Analyst sentiment is broadly positive: eight analysts rate Ondas a Buy, one rates it Hold and one rates it Sell. The consensus is “Moderate Buy,” with an average price target of $17.18.
• Ondas reported quarterly revenue of $83.77 million, exceeding estimates, but its $0.19-per-share loss was worse than expected. The stock opened at $8.71, while continued losses, cash burn and insider share sales remain potential risks.

X Square Capital LLC acquired a new position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 200,000 shares of the company's stock, valued at approximately $1,648,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company's stock valued at $183,167,000 after purchasing an additional 5,351,725 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Ondas during the 4th quarter worth approximately $71,202,000. State Street Corp grew its position in shares of Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company's stock worth $50,383,000 after buying an additional 2,920,071 shares during the period. Two Sigma Investments LP raised its stake in shares of Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company's stock worth $35,267,000 after buying an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake 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 buying an additional 774,862 shares during the last quarter. 37.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ONDS has been the topic of a number of recent research reports. Zacks Research raised shares of Ondas from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. LADENBURG THALM/SH SH upped their target price on shares of Ondas from $21.50 to $22.75 and gave the company a "buy" rating in a research report on Monday, August 17th. Needham & Company LLC reissued a "buy" rating and issued a $19.00 price target on shares of Ondas in a research note on Friday, August 14th. Oppenheimer increased their price target on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Finally, Weiss Ratings lowered Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.18.

Ondas Price Performance

Ondas stock opened at $8.71 on Friday. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of -124.43 and a beta of 2.72. The company's 50 day simple moving average is $8.18 and its 200 day simple moving average is $9.43. Ondas Holdings Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $15.28.

Ondas (NASDAQ:ONDS - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $83.77 million during the quarter, compared to the consensus estimate of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, analysts predict that Ondas Holdings Inc. will post -0.33 EPS for the current fiscal year.

Ondas News Roundup

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 Buying and Selling at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares of the company's stock, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 company's stock in a transaction 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 of the company's stock, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is owned by insiders.

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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