JPMorgan Chase & Co. Buys 2,063,998 Shares of Ondas Holdings Inc. $ONDS

JPMorgan Chase & Co. boosted its stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 3,558,617.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,064,056 shares of the company’s stock after buying an additional 2,063,998 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ondas were worth $15,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ONDS. SBI Securities Co. Ltd. increased its holdings in shares of Ondas by 154.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after purchasing an additional 9,904 shares during the period. HBK Sorce Advisory LLC bought a new position in Ondas during the third quarter valued at about $77,000. SG Americas Securities LLC bought a new position in Ondas during the third quarter valued at about $78,000. Bluefin Capital Management LLC acquired a new position in Ondas in the 2nd quarter valued at approximately $80,000. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Ondas in the 3rd quarter worth approximately $85,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. HC Wainwright boosted their price objective on Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Oppenheimer raised their price objective on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Zacks Research cut shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Lake Street Capital raised their price target on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.29.

Ondas Stock Down 6.1%

Shares of Ondas stock opened at $10.02 on Wednesday. Ondas Holdings Inc. has a 12-month low of $0.57 and a 12-month high of $15.28. The stock has a market capitalization of $4.23 billion, a P/E ratio of -25.05 and a beta of 2.47. The company has a 50-day simple moving average of $10.94 and a 200 day simple moving average of $8.54.

Insider Activity at Ondas

In other news, Director Randy Seidl sold 21,520 shares of Ondas stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $204,009.60. Following the completion of the transaction, the director owned 212,470 shares in the company, valued at approximately $2,014,215.60. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard M. Cohen sold 25,861 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the completion of the transaction, the director directly owned 197,746 shares in the company, valued at $1,874,632.08. The trade was a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 556,605 shares of company stock valued at $5,385,865. Insiders own 1.60% of the company’s stock.

Ondas 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.