Ondas (NASDAQ:ONDS) Shares Gap Up – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.02, but opened at $8.47. Ondas shares last traded at $8.4610, with a volume of 15,982,975 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ONDS shares. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Northland Securities raised their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Needham & Company LLC restated a “buy” rating and issued a $23.00 target price on shares of Ondas in a report on Tuesday, May 19th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ondas currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Up 1.6%

The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 203.75 and a beta of 2.60. The business has a 50-day moving average of $9.95 and a 200-day moving average of $10.17.

Insider Activity at Ondas

In related news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director owned 295,504 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Ondas

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp acquired a new position in Ondas in the 4th quarter valued at $71,202,000. State Street Corp raised its holdings in Ondas by 130.2% in the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP raised its holdings in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC lifted its position in Ondas by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after acquiring an additional 774,862 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

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.