Ondas (NASDAQ:ONDS) Trading Up 5.5% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) traded up 5.5% on Monday . The company traded as high as $7.84 and last traded at $7.82. 72,680,249 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 82,010,516 shares. The stock had previously closed at $7.41.

More Ondas News

Here are the key news stories impacting Ondas this week:

Analyst Upgrades and Downgrades

Several research analysts have commented on ONDS shares. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. Northland Securities raised their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Finally, Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Get Our Latest Research Report on ONDS

Ondas Stock Performance

The business has a 50 day moving average price of $9.60 and a 200-day moving average price of $10.15. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 188.00 and a beta of 2.69.

Insiders Place Their Bets

In related news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction 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 transaction, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s 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 completion of the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 2,395,745 shares of company stock worth $32,109,380. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several large investors have recently made changes to their positions in ONDS. NFSG Corp raised its stake in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC acquired a new stake in Ondas in the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas during the first quarter worth approximately $35,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Company Profile

(Get Free Report)

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.

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