SteelPeak Wealth LLC Makes New Investment in Ondas Holdings Inc. $ONDS

SteelPeak Wealth LLC purchased a new stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 86,475 shares of the company’s stock, valued at approximately $782,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ONDS. JPMorgan Chase & Co. boosted its position in shares of Ondas by 3,558,617.2% in the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after acquiring an additional 2,063,998 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Ondas during the 4th quarter worth approximately $6,734,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Ondas during the 4th quarter worth approximately $1,052,000. Legal & General Group Plc bought a new stake in Ondas during the 4th quarter worth approximately $14,215,000. Finally, Vanguard Group Inc. lifted its stake in Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors.

Insider Transactions at Ondas

In other news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents 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. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last quarter. Insiders own 1.60% of the company’s stock.

Ondas Price Performance

Shares of Ondas stock opened at $6.53 on Friday. Ondas Holdings Inc. has a 1 year low of $1.78 and a 1 year high of $15.28. The firm has a market cap of $3.46 billion, a PE ratio of 163.25 and a beta of 2.69. The company has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $10.04.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ONDS. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Northland Securities increased their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Needham & Company LLC dropped their price objective on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.