Pictet Asset Management Holding SA Has $1.71 Million Holdings in Ondas Holdings Inc. $ONDS

Pictet Asset Management Holding SA raised its position in Ondas Holdings Inc. (NASDAQ:ONDS) by 292.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,869 shares of the company’s stock after purchasing an additional 140,761 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ondas were worth $1,707,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Ondas by 444.4% during the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after buying an additional 91,732 shares during the period. Geode Capital Management LLC raised its position in Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after buying an additional 490,239 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Ondas in the 2nd quarter valued at approximately $152,000. Sei Investments Co. bought a new stake in Ondas in the 2nd quarter valued at approximately $3,086,000. Finally, HRT Financial LP bought a new stake in Ondas in the 2nd quarter valued at approximately $2,244,000. 37.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Glj Research set a $17.00 target price on shares of Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Northland Securities raised their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ondas currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Insiders Place Their Bets

In other news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. This represents a 39.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Ondas Stock Performance

ONDS opened at $7.41 on Monday. The business’s 50-day simple moving average is $9.72 and its 200 day simple moving average is $10.15. Ondas Holdings Inc. has a 52-week low of $1.71 and a 52-week high of $15.28. The firm has a market capitalization of $3.88 billion, a PE ratio of 185.25 and a beta of 2.69.

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.