Ondas (NASDAQ:ONDS) Stock Price Up 2.4% – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price shot up 2.4% during trading on Monday . The stock traded as high as $8.22 and last traded at $8.02. 57,272,382 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 81,919,992 shares. The stock had previously closed at $7.83.

Analyst Upgrades and Downgrades

Several research analysts have 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 boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 target price on shares of Ondas in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Up 2.4%

The business has a 50-day moving average price of $9.99 and a two-hundred day moving average price of $10.18. The stock has a market capitalization of $4.20 billion, a P/E ratio of 200.50 and a beta of 2.60.

Insider Activity at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents 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 a total of 2,395,745 shares of company stock valued at $32,109,380 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently made changes to their positions in ONDS. Beaird Harris Wealth Management LLC lifted its holdings in shares of Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after acquiring an additional 1,000 shares during the period. State of Wyoming increased its stake in Ondas by 31.5% in the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after acquiring an additional 1,631 shares during the last quarter. Avion Wealth increased its stake in Ondas by 100.0% in 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. NFSG Corp raised its position in 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 purchasing an additional 2,000 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares in the last quarter. 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.