Ondas (NASDAQ:ONDS) Trading 5.7% Higher – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price traded up 5.7% on Tuesday . The company traded as high as $7.44 and last traded at $7.36. Approximately 108,155,376 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 81,933,922 shares. The stock had previously closed at $6.96.

Analyst Ratings Changes

Several research firms have issued reports on ONDS. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Northland Securities boosted their price target on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Finally, Needham & Company LLC cut their price target on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Ondas currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Ondas Price Performance

The business’s 50 day simple moving average is $9.28 and its 200 day simple moving average is $10.08. The stock has a market cap of $3.55 billion, a P/E ratio of 167.05 and a beta of 2.69.

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction 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 transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several large investors have recently made changes to their positions in ONDS. Goldman Sachs Group Inc. lifted its holdings in Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after purchasing an additional 91,732 shares during the last quarter. Geode Capital Management LLC grew its stake in Ondas by 57.4% during the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after buying an additional 490,239 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Ondas during the second quarter worth approximately $152,000. Sei Investments Co. bought a new position in shares of Ondas in the second quarter valued at approximately $3,086,000. Finally, HRT Financial LP acquired a new stake in Ondas during the 2nd quarter valued at $2,244,000. Institutional investors own 37.73% of the company’s stock.

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.