78,392 Shares in Ondas Holdings Inc. $ONDS Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 78,392 shares of the company’s stock, valued at approximately $765,000.

A number of other institutional investors also recently modified their holdings of ONDS. Truist Financial Corp lifted its holdings in Ondas by 10.8% during the 4th quarter. Truist Financial Corp now owns 59,200 shares of the company’s stock worth $578,000 after buying an additional 5,750 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Ondas in the 4th quarter valued at $1,275,000. Activest Wealth Management bought a new stake in shares of Ondas during the fourth quarter worth $127,000. American Capital Advisory LLC raised its position in shares of Ondas by 4,600.0% during the fourth quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Ondas during the fourth quarter valued at $146,000. 37.73% of the stock is owned by institutional investors.

Ondas Trading Down 4.0%

NASDAQ:ONDS opened at $9.04 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68. The business’s 50-day simple moving average is $9.92 and its 200-day simple moving average is $9.52. Ondas Holdings Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $15.28. The stock has a market capitalization of $4.43 billion, a PE ratio of -13.49 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last released 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). Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.The firm had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Sell-side analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Lake Street Capital boosted their price objective on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Glj Research set a $17.00 price target on shares of Ondas in a research note on Tuesday, March 10th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and a consensus target price 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.