Ondas (NASDAQ:ONDS) Shares Up 4.9% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price shot up 4.9% during mid-day trading on Wednesday . The company traded as high as $10.82 and last traded at $10.51. 96,589,623 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 99,684,141 shares. The stock had previously closed at $10.02.

Analysts Set New Price Targets

ONDS has been the subject of a number of research analyst reports. Needham & Company LLC lifted their target price on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Lake Street Capital raised their price objective on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Zacks Research downgraded shares of Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Oppenheimer lifted their price target on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.29.

Ondas Price Performance

The stock has a market cap of $4.44 billion, a price-to-earnings ratio of -26.28 and a beta of 2.47. The company’s fifty day simple moving average is $10.94 and its two-hundred day simple moving average is $8.54.

Insiders Place Their Bets

In other Ondas news, CFO Neil J. Laird sold 4,526 shares of Ondas stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $42,906.48. Following the completion of the transaction, the chief financial officer owned 8,224 shares in the company, valued at approximately $77,963.52. The trade was a 35.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the sale, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 556,605 shares of company stock worth $5,385,865 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of hedge funds have recently bought and sold shares of ONDS. SBI Securities Co. Ltd. raised its holdings in shares of Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after purchasing an additional 9,904 shares during the last quarter. IFP Advisors Inc grew its position in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. Avion Wealth increased its stake in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after buying an additional 2,000 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after buying an additional 3,063 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Ondas by 1,005.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock worth $43,000 after buying an additional 4,000 shares during the last quarter. 37.73% of the stock is 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.