Ondas (NASDAQ:ONDS) Trading Up 3.1% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) traded up 3.1% during trading on Thursday . The company traded as high as $12.42 and last traded at $11.97. 62,906,496 shares were traded during trading, a decline of 26% from the average session volume of 85,444,422 shares. The stock had previously closed at $11.61.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ONDS shares. Weiss Ratings raised shares of Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. Glj Research set a $17.00 price objective on shares of Ondas in a research report on Tuesday, March 10th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ondas currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The stock has a market cap of $5.29 billion, a PE ratio of 260.75 and a beta of 2.60. The stock has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.06.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated 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 owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Ondas by 88.4% in the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock worth $2,547,000 after purchasing an additional 154,792 shares during the last quarter. Ghisallo Capital Management LLC purchased a new position in Ondas in the 3rd quarter worth about $7,720,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Ondas in the 4th quarter worth about $6,734,000. Finally, Vanguard Group Inc. lifted its holdings in Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after buying an additional 7,024,549 shares in the last quarter. 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.