Ondas (NASDAQ:ONDS) Shares Gap Up – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $8.02, but opened at $8.47. Ondas shares last traded at $8.4610, with a volume of 15,982,975 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Glj Research set a $17.00 price objective on Ondas in a research report on Tuesday, March 10th. Northland Securities raised their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. Finally, Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Price Performance

The firm has a market cap of $4.27 billion, a P/E ratio of 203.75 and a beta of 2.60. The company’s 50 day moving average is $9.95 and its two-hundred day moving average is $10.17.

Insider Buying and Selling at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares of the company’s stock, 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 sold a total of 2,395,745 shares of company stock valued at $32,109,380 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several institutional investors have recently made changes to their positions in ONDS. Van ECK Associates Corp acquired a new position in Ondas in the fourth quarter worth about $71,202,000. Vanguard Group Inc. raised its holdings in shares of Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after buying an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after buying an additional 4,247,859 shares during the period. Marshall Wace LLP acquired a new stake in Ondas in the 4th quarter valued at $33,473,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Ondas by 9,274.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after acquiring an additional 3,429,398 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.