Ondas (NASDAQ:ONDS) Stock Price Up 2.3% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) shares traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $7.61 and last traded at $7.52. 61,404,831 shares traded hands during trading, a decline of 25% from the average session volume of 81,685,875 shares. The stock had previously closed at $7.35.

Ondas News Roundup

Here are the key news stories impacting Ondas this week:

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ONDS shares. Glj Research set a $17.00 target price on Ondas in a research note on Tuesday, March 10th. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, 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 research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.75.

View Our Latest Report on Ondas

Ondas Trading Up 2.3%

The firm has a market capitalization of $3.94 billion, a P/E ratio of 188.00 and a beta of 2.69. The stock has a 50-day simple moving average of $9.60 and a two-hundred day simple moving average of $10.15.

Insider Activity at Ondas

In other news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the sale, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,395,745 shares of company stock worth $32,109,380 over the last three months. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp bought a new position in Ondas in the fourth quarter worth approximately $71,202,000. Vanguard Group Inc. boosted its position in Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the period. Marshall Wace LLP bought a new position in shares of Ondas in the 4th quarter worth $33,473,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Ondas by 9,274.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after acquiring an additional 3,429,398 shares in the last quarter. 37.73% of the stock is owned by hedge funds and other institutional investors.

About Ondas

(Get Free Report)

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.

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