Ondas (NASDAQ:ONDS) Trading 2.7% Higher – Should You Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded up 2.7% during trading on Tuesday . The stock traded as high as $8.65 and last traded at $8.24. 80,923,327 shares were traded during trading, a decline of 1% from the average session volume of 81,987,961 shares. The stock had previously closed at $8.02.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ONDS. Glj Research set a $17.00 target price on shares of Ondas in a report on Tuesday, March 10th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Northland Securities upped their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The company has a market cap of $3.88 billion, a PE ratio of 185.25 and a beta of 2.69. The stock has a fifty day moving average price of $9.86 and a 200-day moving average price of $10.16.

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of the stock in a transaction dated 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 directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NFSG Corp increased its stake in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Ondas during the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ondas by 5,373.7% during the 1st 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 in the last quarter. IFP Advisors Inc increased its stake in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas in the first quarter worth $35,000. 37.73% of the stock is owned by hedge funds and other institutional investors.

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.