Ondas (NASDAQ:ONDS) Shares Gap Up – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares gapped up before the market opened on Thursday . The stock had previously closed at $10.80, but opened at $11.48. Ondas shares last traded at $12.8260, with a volume of 73,254,379 shares traded.

Analysts Set New Price Targets

Several research firms recently issued reports on ONDS. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a report on Monday. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Northland Securities upped their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Up 18.1%

The firm has a market cap of $6.40 billion, a P/E ratio of 317.35 and a beta of 2.56. The firm has a fifty day moving average of $9.81 and a 200-day moving average of $9.77.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The business had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director owned 295,504 shares in the company, valued at $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at $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. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. NFSG Corp raised its holdings 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 acquiring an additional 2,000 shares during the period. Western Wealth Management LLC bought a new position in shares of Ondas during the first quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its stake in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares during the period. AdvisorNet Financial Inc bought a new position in shares of Ondas during the first quarter worth approximately $35,000. Finally, Avion Wealth increased its stake in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares during the period. 37.73% of the stock is owned by institutional investors.

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.