Ondas (NASDAQ:ONDS) Shares Up 6.7% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price shot up 6.7% on Monday . The company traded as high as $10.64 and last traded at $10.34. 88,069,481 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 108,485,789 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ONDS. Oppenheimer raised their target price on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Northland Securities set a $16.00 target price on shares of Ondas in a research note on Tuesday, January 20th. HC Wainwright upped their target price on shares of Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Lake Street Capital raised their price target on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, five 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.com, Ondas has an average rating of “Moderate Buy” and an average target price of $17.29.

Ondas Trading Up 6.7%

The firm’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $7.68.

Ondas (NASDAQ:ONDS) last issued its earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The firm had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. Analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Transactions at Ondas

In other Ondas news, Director Ron Stern sold 850,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total transaction of $6,723,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Cohen sold 25,861 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $245,162.28. Following the completion of the transaction, the director directly owned 197,746 shares in the company, valued at approximately $1,874,632.08. This trade represents a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,406,605 shares of company stock valued at $12,109,365 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after acquiring an additional 774,862 shares during the last quarter. GatePass Capital LLC lifted its holdings in shares of Ondas by 100.0% in the 4th quarter. GatePass Capital LLC now owns 200,000 shares of the company’s stock worth $1,952,000 after acquiring an additional 100,000 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Ondas during the 4th quarter worth approximately $119,000. Legal & General Group Plc purchased a new position in shares of Ondas during the 4th quarter worth approximately $14,215,000. Finally, SLT Holdings LLC raised its position in Ondas by 373.5% in the fourth quarter. SLT Holdings LLC now owns 80,500 shares of the company’s stock valued at $786,000 after purchasing an additional 63,500 shares during the period. Hedge funds and other institutional investors 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.