SteelPeak Wealth LLC Acquires Shares of 86,475 Ondas Holdings Inc. $ONDS

SteelPeak Wealth LLC bought a new stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,475 shares of the company’s stock, valued at approximately $782,000.

A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after buying an additional 2,063,998 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Ondas in the fourth quarter valued at about $6,734,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Ondas in the fourth quarter valued at about $1,052,000. Legal & General Group Plc purchased a new position in Ondas in the fourth quarter valued at about $14,215,000. Finally, Vanguard Group Inc. grew its position in shares of Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the period. 37.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ONDS shares. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Northland Securities upped their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Needham & Company LLC decreased their target price on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.75.

Insider Activity at Ondas

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 completion of the transaction, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety 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.

Ondas Stock Down 1.8%

Shares of NASDAQ:ONDS opened at $6.53 on Friday. The firm has a market capitalization of $3.46 billion, a PE ratio of 163.25 and a beta of 2.69. Ondas Holdings Inc. has a twelve month low of $1.78 and a twelve month high of $15.28. The company has a 50-day moving average price of $9.19 and a two-hundred day moving average price of $10.04.

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.