Ondas (NASDAQ:ONDS) Stock Price Up 2.9% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was up 2.9% during trading on Thursday . The company traded as high as $11.59 and last traded at $11.39. Approximately 101,883,194 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 101,692,531 shares. The stock had previously closed at $11.07.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Northland Securities set a $16.00 price objective on shares of Ondas in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. Loop Capital set a $10.00 target price on Ondas in a research note on Wednesday, November 26th. Finally, HC Wainwright upped their price target on Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.29.

Ondas Stock Down 11.9%

The company has a market cap of $4.24 billion, a PE ratio of -25.08 and a beta of 2.46. The firm’s 50-day moving average is $10.66 and its 200-day moving average is $8.15.

Insider Activity

In other news, Director Ron Stern sold 850,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total value of $6,723,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jaspreet K. Sood sold 29,698 shares of Ondas stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $281,537.04. Following the sale, the director owned 175,631 shares in the company, valued at $1,664,981.88. This represents a 14.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,406,605 shares of company stock worth $12,109,365. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Connective Capital Management LLC bought a new position in shares of Ondas during the fourth quarter valued at $668,000. Mercer Global Advisors Inc. ADV purchased a new position in Ondas in the 4th quarter worth about $14,763,000. Vident Advisory LLC purchased a new stake in shares of Ondas during the 4th quarter valued at about $2,921,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Ondas during the 4th quarter valued at about $155,000. Finally, NewEdge Advisors LLC grew its stake in shares of Ondas by 1,284.6% in the fourth quarter. NewEdge Advisors LLC now owns 44,308 shares of the company’s stock worth $432,000 after acquiring an additional 41,108 shares during the period. Institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

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.