Pictet Asset Management Holding SA Acquires 140,761 Shares of Ondas Holdings Inc. $ONDS

Pictet Asset Management Holding SA boosted its holdings in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 292.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 188,869 shares of the company’s stock after acquiring an additional 140,761 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ondas were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ONDS. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Ondas during the 1st quarter worth approximately $35,000. Avion Wealth raised its stake in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in Ondas by 228.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after acquiring an additional 3,063 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Ondas by 1,005.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

Insider Activity

In related news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is currently owned by corporate insiders.

Ondas Price Performance

ONDS opened at $7.41 on Monday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 185.25 and a beta of 2.69. Ondas Holdings Inc. has a twelve month low of $1.71 and a twelve month high of $15.28. The company has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $10.15.

Analysts Set New Price Targets

A number of research firms have commented on ONDS. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Glj Research set a $17.00 target price on shares of Ondas in a research note on Tuesday, March 10th. Northland Securities lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, HC Wainwright set a $17.00 price target on shares of Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.

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.