Hodges Capital Management Inc. Takes $1.74 Million Position in Ondas Holdings Inc. $ONDS

Hodges Capital Management Inc. bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) in the 1st quarter, HoldingsChannel.com reports. The firm bought 192,178 shares of the company’s stock, valued at approximately $1,737,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new stake in Ondas during the fourth quarter valued at $71,202,000. Vanguard Group Inc. raised its position in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after acquiring an additional 5,351,725 shares during the period. Two Sigma Investments LP raised its position in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the period. Marshall Wace LLP purchased a new stake in shares of Ondas during the 4th quarter worth about $33,473,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after acquiring an additional 3,429,398 shares in the last quarter. 37.73% of the stock is owned by hedge funds and other institutional investors.

Ondas Stock Performance

Shares of ONDS opened at $7.82 on Tuesday. The stock has a 50 day moving average price of $9.72 and a 200 day moving average price of $10.15. Ondas Holdings Inc. has a one year low of $1.71 and a one year high of $15.28. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 195.50 and a beta of 2.69.

Key Headlines Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas announced the acquisition of DZYNE Technologies for $875.8 million, a deal that expands its defense platform into long-range unmanned aerial systems, counter-UAS, precision strike, and autonomous effects, while also adding revenue, positive EBITDA, and operating leverage. Ondas Announces Transformative Acquisition of DZYNE Technologies, Establishing the Leading Autonomous Defense Platform Spanning Persistent Intelligence, Aerial Security and Autonomous Effects
• Positive Sentiment: Needham & Company maintained a buy rating on Ondas even after lowering its price target, suggesting the firm still sees meaningful upside from current levels. Needham & Company LLC Lowers Ondas (NASDAQ:ONDS) Price Target to $19.00
• Neutral Sentiment: Needham lowered its price target to $19 from $23, which may reflect near-term caution around the transaction or valuation even as the longer-term outlook remains positive. Needham commentary via Benzinga
• Neutral Sentiment: Ondas also updated its FY 2026 earnings guidance, but the reported details were incomplete, so the market impact is harder to gauge from the available information.

Insider Buying and Selling

In other news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ONDS has been the subject of several recent analyst reports. HC Wainwright set a $17.00 price target on Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Northland Securities raised their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ondas has an average rating of “Moderate Buy” and a consensus target price of $16.75.

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.