Ondas (NASDAQ:ONDS) Stock Price Up 11.7% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price traded up 11.7% during trading on Monday . The stock traded as high as $8.45 and last traded at $8.37. Approximately 55,427,692 shares traded hands during trading, a decline of 35% from the average daily volume of 85,413,898 shares. The stock had previously closed at $7.49.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ONDS shares. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Needham & Company LLC reduced their target price on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.75.

Ondas Price Performance

The firm has a market cap of $5.05 billion, a PE ratio of 221.75 and a beta of 2.72. The company has a 50 day moving average price of $8.76 and a 200 day moving average price of $9.69.

Insider Transactions at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 sale, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. This represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,395,745 shares of company stock worth $32,109,380 over the last ninety days. 1.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in shares of Ondas during the 2nd quarter worth $90,000. Handelsbanken Fonder AB increased its holdings in shares of Ondas by 50.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 180,100 shares of the company’s stock valued at $1,484,000 after purchasing an additional 60,000 shares in the last quarter. Steadtrust LLC lifted its stake in shares of Ondas by 10.3% in the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock valued at $177,000 after purchasing an additional 2,000 shares during the period. Focus Financial Network Inc. boosted its holdings in Ondas by 19.1% during the second quarter. Focus Financial Network Inc. now owns 67,667 shares of the company’s stock worth $558,000 after buying an additional 10,831 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Ondas during the second quarter worth about $440,000. Institutional investors and hedge funds 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.