Connective Capital Management LLC Takes Position in Ondas Holdings Inc. $ONDS

Connective Capital Management LLC purchased a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 68,487 shares of the company’s stock, valued at approximately $668,000. Ondas comprises approximately 0.4% of Connective Capital Management LLC’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of ONDS. Mercer Global Advisors Inc. ADV bought a new stake in Ondas in the 4th quarter valued at $14,763,000. Vident Advisory LLC acquired a new stake in Ondas during the fourth quarter worth approximately $2,921,000. Beacon Pointe Advisors LLC bought a new position in Ondas during the 4th quarter worth $155,000. NewEdge Advisors LLC increased its stake in Ondas by 1,284.6% during the 4th quarter. NewEdge Advisors LLC now owns 44,308 shares of the company’s stock worth $432,000 after acquiring an additional 41,108 shares during the period. Finally, SummitTX Capital L.P. acquired a new position in Ondas in the 4th quarter valued at $939,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Stock Up 1.6%

NASDAQ ONDS opened at $9.27 on Friday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 231.75 and a beta of 2.60. Ondas Holdings Inc. has a twelve month low of $1.36 and a twelve month high of $15.28. The business’s fifty day moving average is $10.13 and its 200 day moving average is $10.19.

Ondas (NASDAQ:ONDS) last issued its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The firm had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, research analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at Ondas

In other news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the transaction, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,395,745 shares of company stock worth $32,109,380. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ONDS. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Needham & Company LLC restated a “buy” rating and issued a $23.00 target price on shares of Ondas in a research report on Tuesday, May 19th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

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.