Ondas (NASDAQ:ONDS) Stock Price Up 5.5% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) was up 5.5% during trading on Monday . The company traded as high as $7.84 and last traded at $7.82. Approximately 72,680,249 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 82,010,516 shares. The stock had previously closed at $7.41.

Analyst Ratings Changes

Several research firms have recently issued reports on ONDS. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. Northland Securities boosted their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. Finally, HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ondas has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The stock has a market cap of $4.09 billion, a P/E ratio of 195.50 and a beta of 2.69. The stock’s fifty day moving average is $9.72 and its 200 day moving average is $10.15.

Insiders Place Their Bets

In other news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several institutional investors and hedge funds have recently made changes to their positions in ONDS. Empowered Funds LLC purchased a new stake in shares of Ondas during the first quarter valued at $126,000. Militia Capital Management LLC bought a new stake in Ondas during the 1st quarter valued at about $212,000. Western Wealth Management LLC purchased a new stake in Ondas in the 1st quarter valued at about $28,000. Bank of America Corp DE boosted its position in Ondas by 1,443.9% in the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after buying an additional 1,313,823 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Ondas by 16.8% in the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock worth $1,659,000 after acquiring an additional 26,500 shares in the last quarter. 37.73% of the stock is currently 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.