Ondas (NASDAQ:ONDS) Shares Up 1.9% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) shot up 1.9% during mid-day trading on Monday . The stock traded as high as $9.97 and last traded at $9.51. 57,122,224 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 83,449,289 shares. The stock had previously closed at $9.33.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ONDS. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price objective on shares of Ondas in a report on Tuesday, May 19th. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Northland Securities upped their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Up 1.9%

The company has a market cap of $4.83 billion, a price-to-earnings ratio of 237.75 and a beta of 2.60. The business has a fifty day moving average of $10.15 and a two-hundred day moving average of $10.16.

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 analysts’ consensus estimates of ($0.06) by ($0.33). The business had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, research analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $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 2,395,745 shares of company stock valued at $32,109,380 over the last quarter. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ondas

Hedge funds have recently made changes to their positions in the company. NFSG Corp raised its holdings in shares of Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Ondas during the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Ondas during the first quarter valued at approximately $35,000. Finally, Avion Wealth raised its holdings in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares during the last quarter. 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.