Ondas (NASDAQ:ONDS) Shares Up 4.2% – Should You Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) rose 4.2% during mid-day trading on Friday . The company traded as high as $9.14 and last traded at $9.11. Approximately 72,323,522 shares traded hands during trading, a decline of 15% from the average daily volume of 85,278,172 shares. The stock had previously closed at $8.74.

Analyst Ratings Changes

A number of research firms have recently weighed in on ONDS. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Finally, Needham & Company LLC lowered their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Ondas Stock Up 4.2%

The stock has a 50-day moving average of $8.63 and a 200 day moving average of $9.64. The company has a market capitalization of $5.19 billion, a PE ratio of 227.75 and a beta of 2.72.

Insider Activity

In related news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the 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 owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. 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. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. 1.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. NFSG Corp raised its holdings in shares of Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the period. Western Wealth Management LLC purchased a new stake in Ondas in the first quarter worth $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares during the period. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in shares of Ondas during the 1st quarter valued at $35,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.