Ondas (NASDAQ:ONDS) Trading Up 3.6% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares rose 3.6% on Monday . The company traded as high as $10.87 and last traded at $10.53. Approximately 88,280,832 shares changed hands during trading, a decline of 12% from the average daily volume of 100,193,930 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

ONDS has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Oppenheimer upped their target price on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, five have issued 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.25.

Ondas Stock Performance

The company’s 50 day moving average price is $11.06 and its 200-day moving average price is $8.87. The company has a market cap of $4.74 billion, a PE ratio of -26.33 and a beta of 2.47.

Insider Buying and Selling at Ondas

In other news, Director Randy Seidl sold 21,520 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $204,009.60. Following the transaction, the director owned 212,470 shares of the company’s stock, valued at $2,014,215.60. This represents a 9.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Cohen sold 25,861 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the transaction, the director owned 197,746 shares of the company’s stock, valued at $1,874,632.08. The trade was a 11.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 556,605 shares of company stock valued at $5,385,865 in the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC purchased a new position in shares of Ondas in the second quarter worth about $14,479,000. Van ECK Associates Corp bought a new stake in shares of Ondas in the fourth quarter valued at approximately $71,202,000. Vanguard Group Inc. lifted its stake in shares of Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after buying an additional 7,024,549 shares in the last quarter. AWM Investment Company Inc. bought a new position in Ondas in the 2nd quarter worth approximately $11,123,000. Finally, Two Sigma Investments LP boosted its holdings in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after buying an additional 4,247,859 shares during the period. 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.