Key takeaways for ONDS investors today (22 November 2025)
- Fresh 13F headline: Foundations Investment Advisors LLC has cut its Ondas Holdings Inc. (NASDAQ: ONDS) position by 69.8%, now holding 17,500 shares worth about $34,000, according to a new MarketBeat summary of its latest SEC filing. MarketBeat
- Equity incentives expanded: On Friday, Ondas filed a Form S‑8 to register 35 million additional shares for its 2021 Stock Incentive Plan, bringing total plan capacity to 61 million shares after shareholders approved the increase at a special meeting. Stock Titan
- Strategic defense pivot continues: Over the past two weeks the company has closed its acquisition of counter‑drone specialist Sentrycs, announced a $35 million investment in Performance Drone Works (PDW) and secured an $8.2 million Iron Drone Raider contract to protect one of Europe’s largest airports—all on top of record Q3 2025 results and a sharply higher revenue outlook. ACCESS Newswire
Note: U.S. markets are closed today (Saturday). All price data refers to Friday, 21 November 2025.
ONDS stock snapshot after a massive 2025 rally
Ondas has quietly turned into one of 2025’s most explosive small‑cap defense and autonomy plays.
As of Friday’s close:
- Share price: $6.74 (NASDAQ: ONDS)
- After-hours quote: $6.85, up 1.71% post‑close StockAnalysis
- One‑year performance: roughly +730% over the last 12 months Stock Titan
- Market cap: about $2.3–2.5 billion StockAnalysis
- 52‑week range:$0.57 – $11.70 MarketBeat
- Shares outstanding: ~368.5 million StockAnalysis
- Analyst stance: consensus rating around “Strong/Moderate Buy” with an average 12‑month price target near $9.20. StockAnalysis
On trailing numbers, Ondas is still deep in investment mode:
- TTM revenue: about $7.2 million
- TTM net loss: roughly $38 million
- Net margin: around ‑528% Stock Titan
That means the stock is trading at well over 300× trailing 12‑month sales, so the market is clearly pricing in future growth, not today’s income statement.
Today’s fresh headline: Foundations Investment Advisors trims ONDS stake
The main new item dated November 22, 2025 is a MarketBeat piece summarizing a recent 13F filing by Foundations Investment Advisors LLC. MarketBeat
Key points from that filing summary:
- Foundations cut its ONDS position by 69.8% in Q2,
- Selling 40,500 shares,
- Ending the quarter with 17,500 shares valued around $34,000,
- As part of a broader reshuffling of a relatively small position in the name. MarketBeat
The same article notes that a number of other institutional investors—SBI Securities, XTX Topco, Charles Schwab Investment Management, Penbrook Management and Exencial Wealth Advisors—hold relatively small positions as well, and that about 37.7% of Ondas’ float is currently held by institutions. MarketBeat
For everyday investors, this matters less as a “vote of confidence” and more as a signal that ONDS has moved firmly onto institutional radar, even if position sizes are still modest compared with mega‑caps.
New S‑8 filing: 35 million more shares for equity incentives
The other new development in focus this weekend is regulatory rather than operational.
On 21 November 2025, Ondas filed a Form S‑8 with the SEC to register 35 million additional shares of common stock for its 2021 Stock Incentive Plan, as amended. Stock Titan
According to the filing summary:
- The plan’s share authorization was increased from 26 million to 61 million shares,
- The increase (“Plan Increase”) was approved by shareholders at a special meeting on 20 November 2025,
- The S‑8 covers only the incremental 35 million shares, on top of the 26 million already registered. Stock Titan
Given Ondas’ roughly 368.5 million shares outstanding, those 35 million extra plan shares equal about 9–10% of the current share count if fully granted and exercised.
What it means in practice:
- Positive for talent & retention: Management now has a larger equity “currency” to attract and retain engineers, executives and key personnel, which is crucial in defense tech, AI and autonomy.
- Potential dilution risk: Over time, if all these awards are issued, it would dilute existing shareholders, something investors will weigh against the growth funded and incentivized by those grants.
Separate 8‑K and proxy materials around the special meeting also describe charter amendments that significantly expand the company’s authorized share capital—doubling authorized common shares and preferred shares—giving Ondas more flexibility for future financings or M&A. Stock Titan
Strategic defense moves: Sentrycs, PDW and a major European airport deal
While today’s hard news is mostly filings and ownership data, the real story behind ONDS’ 2025 rally is a cluster of strategic deals announced in the past two weeks.
1. Sentrycs acquisition closes, boosting counter‑drone capabilities
On 18 November 2025, Ondas announced it had completed its previously announced acquisition of Sentrycs Ltd, an Israel‑based specialist in Cyber‑over‑RF (CoRF) counter‑UAS technology. ACCESS Newswire
Highlights from the deal:
- Sentrycs tech identifies, tracks and takes control of unauthorized drones at the protocol level (rather than jamming), minimizing interference with surrounding communications. ACCESS Newswire
- Its systems are already deployed in roughly 200 installations across more than 25 countries, including defense, public safety and critical‑infrastructure customers. ACCESS Newswire
- Combined with Ondas’ Iron Drone Raider interceptor and broader Ondas Autonomous Systems (OAS) portfolio, the company aims to offer a layered counter‑UAS stack: detection → cyber takeover → kinetic interception → AI‑driven command & control. ACCESS Newswire
Press and local Israeli coverage indicate the deal is valued at roughly $200–225 million in cash and stock, underscoring just how central counter‑drone infrastructure has become to Ondas’ strategy. Haaretz
2. $35 million strategic investment in Performance Drone Works (PDW)
On 20 November 2025, Ondas unveiled a $35 million strategic investment in Performance Drone Works (PDW), a veteran‑founded U.S. combat‑robotics company. ACCESS Newswire
Key details from the announcement:
- PDW builds advanced combat UAS platforms such as C100 and AM‑FPV designed for frontline warfighters. ACCESS Newswire
- Its Drone Factory 01 in Huntsville, Alabama—about 90,000 sq ft—is designed to produce up to 100,000 NDAA‑compliant drone systems per year, with a notional production value of about $1 billion annually at scale. ACCESS Newswire
- Ondas’ capital will be used to:
- Scale production of PDW platforms,
- Increase engineering headcount, and
- Secure a domestic, NDAA‑compliant supply chain for critical components. ACCESS Newswire
- PDW recently won a $20.9 million U.S. Army contract for its C100 UAS and multi‑mission payloads, highlighting real operational traction. ACCESS Newswire
For Ondas, this is less about simple financial return and more about locking in industrial‑scale production capacity in the U.S. drone ecosystem and aligning itself with key defense primes and government customers.
3. $8.2 million Iron Drone Raider order for a major European airport
Earlier in the week, Ondas also confirmed an $8.2 million order from a major European security agency to deploy multiple Iron Drone Raider systems at one of Europe’s largest airports. StockAnalysis
According to Benzinga and the company’s own release:
- Ondas’ Airobotics subsidiary will act as the prime contractor,
- The deployment is designed to provide 24/7 autonomous counter‑drone protection for critical air infrastructure,
- It marks Iron Drone Raider’s first major airport deployment in Europe, potentially opening doors to additional critical‑infrastructure contracts in the region. StockAnalysis
This European contract arrives on top of Q3 pilot programs in Europe and Asia that validated Iron Drone Raider in complex, GPS‑challenged environments, and helped expand OAS’ opportunity pipeline. ACCESS Newswire
Record Q3 2025 results and upgraded outlook
All of these headlines sit on top of record Q3 numbers reported on 13 November 2025.
From Ondas’ Q3 2025 earnings release: ACCESS Newswire
- Revenue:
- Q3 2025 revenue of $10.1 million
- More than 6× higher year‑over‑year
- Up 60% sequentially from Q2
- Segment mix:
- Around $10.0 million of Q3 revenue came from Ondas Autonomous Systems (OAS), underscoring that autonomous defense & security is now the growth engine.
- Backlog: OAS backlog reached $22.2 million as of 30 September 2025, up from $20.7 million at the end of Q2. ACCESS Newswire
- Cash & capital:
- Management highlights a pro‑forma cash balance of about $840.4 million, after raising roughly $855 million in 2025 through four equity offerings and warrant/option exercises. ACCESS Newswire
- Guidance:
- 2025 revenue target raised to at least $36 million (up from a prior range centered around the mid‑20s) ACCESS Newswire
- Initial 2026 revenue target set at at least $110 million. ACCESS Newswire
The Q3 report also laid out a dizzying series of strategic actions:
- Launch of Ondas Capital, intended to deploy $150 million into dual‑use and combat‑proven autonomous systems (including investments in partners like Rift Dynamics and Safe Pro Group). ACCESS Newswire
- Acquisitions or controlling stakes in Apeiro Motion, 4M Defense, SPO (Smart Precision Optics) and Insight Intelligent Sensors, adding ground robotics, demining, and high‑end electro‑optics to the OAS portfolio. ACCESS Newswire
- Progress at Ondas Networks, with the Association of American Railroads formally choosing IEEE 802.16t (“dot16”) as the migration path for legacy 160 MHz rail communications—potentially a multi‑year upgrade cycle opportunity. ACCESS Newswire
How today’s news fits into the ONDS story
Putting it all together, here’s what today’s (22 November 2025) updates really mean in context:
1. Ownership shifts, but the institutional story is still forming
The Foundations Investment Advisors sale is a notable data point but not a thesis‑changer on its own:
- They were a small holder, and trimming a micro‑position after a massive run is not unusual.
- Institutional ownership around 38% is not yet “crowded,” suggesting room for further institutional adoption if the story continues to execute. MarketBeat
2. The S‑8 and charter changes underline an “equity‑powered” growth model
The 35 million new incentive shares and larger authorized share pool signal that Ondas plans to keep using equity aggressively:
- To fund acquisitions and strategic investments (like Sentrycs, Apeiro, 4M, PDW and Safe Pro),
- To pay and retain top defense, AI and robotics talent,
- Potentially to raise additional capital if needed.
For current shareholders, it’s a trade‑off:
- The company is assembling a wide, vertically integrated defense‑autonomy ecosystem,
- But doing so at the cost of significant dilution and short‑term losses.
3. Operational momentum is in drones, counter‑UAS and defense infrastructure
In just a few weeks, Ondas has:
- Closed a major counter‑drone acquisition (Sentrycs),
- Backed a high‑volume U.S. drone factory (PDW),
- Won a marquee European airport contract for Iron Drone Raider,
- Delivered record quarterly revenue and raised its outlook. ACCESS Newswire
That cluster of moves explains:
- Why ONDS has rallied more than 700% year‑over‑year, and
- Why commentators now frequently group it with emerging “drone and counter‑drone” defense leaders. Stock Titan
4. Risks remain high: valuation, execution and integration
Despite the excitement, ONDS is not a low‑risk story:
- The company remains unprofitable with deeply negative margins, even as revenue ramps. Stock Titan
- The valuation is rich on trailing numbers, requiring the company to hit (or exceed) its ambitious 2025–2026 revenue targets. ACCESS Newswire
- Management is integrating multiple acquisitions at once across air, ground, sensing and cyber—always a complex execution challenge. ACCESS Newswire
- The entire sector is exposed to defense budgets, export controls and evolving counter‑UAS regulation in the U.S., Europe and Israel.
What ONDS investors should watch next
Looking beyond today’s filings, here are the key catalysts and questions to keep on your radar:
- Integration milestones
- How quickly Sentrycs’ technology is integrated into Iron Drone Raider and OAS’ broader “system‑of‑systems” architecture. ACCESS Newswire
- PDW ramp and follow‑on orders
- Whether PDW’s Drone Factory 01 starts to show up as larger, repeat contracts and how Ondas participates economically in those wins. ACCESS Newswire
- European airport deployment
- Successful rollout of the $8.2M airport deal and any additional airport or border‑security wins in Europe. Benzinga
- Rail and industrial IoT traction at Ondas Networks
- Concrete purchase orders and deployments as railroads begin rolling out dot16‑based upgrades on 160 MHz networks. ACCESS Newswire
- Capital allocation and dilution
- Whether new share capacity is used primarily for employee incentives or for further equity raises and deals, and on what terms.
Final note
This article is for informational and news purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Always do your own research and consider consulting a licensed financial adviser before making investment decisions.
