Ondas (NASDAQ:ONDS) Shares Up 1.6% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) rose 1.6% during trading on Thursday . The company traded as high as $9.46 and last traded at $9.27. Approximately 63,147,582 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 82,705,047 shares. The stock had previously closed at $9.12.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ONDS shares. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Northland Securities increased their target price 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. Finally, LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Price Performance

The stock’s 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.19. The firm has a market cap of $4.79 billion, a P/E ratio of 231.75 and a beta of 2.60.

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

Insiders Place Their Bets

In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas 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 completion of the sale, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale 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 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 transaction, the director directly owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ONDS. Van ECK Associates Corp bought a new stake in Ondas in the fourth quarter valued at $71,202,000. Vanguard Group Inc. raised its holdings in shares of Ondas by 109.9% during the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after purchasing an additional 7,024,549 shares during the period. Two Sigma Investments LP boosted its position in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Ondas during the 4th quarter worth about $33,473,000. Finally, Caitong International Asset Management Co. Ltd grew its stake 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 valued at $33,832,000 after buying an additional 3,429,398 shares during the period. 37.73% of the stock is owned by 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.