Ondas (NASDAQ:ONDS) Trading 4.2% Higher – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was up 4.2% during trading on Friday . The company traded as high as $9.14 and last traded at $9.11. Approximately 72,323,522 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 85,278,172 shares. The stock had previously closed at $8.74.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC cut their price target on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Stock Up 4.2%

The firm has a market capitalization of $5.19 billion, a P/E ratio of 227.75 and a beta of 2.72. The company’s 50 day moving average is $8.63 and its 200-day moving average is $9.64.

Insider Activity

In related news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 completion of the transaction, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,395,745 shares of company stock worth $32,109,380. Company insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently modified their holdings of the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Ondas in the 2nd quarter valued at $668,000. Bank of New York Mellon Corp acquired a new position in Ondas during the second quarter worth $13,158,000. Heck Capital Advisors LLC bought a new position in shares of Ondas in the second quarter valued at $90,000. Handelsbanken Fonder AB grew its holdings in shares of Ondas by 50.0% during the second quarter. Handelsbanken Fonder AB now owns 180,100 shares of the company’s stock valued at $1,484,000 after buying an additional 60,000 shares during the last quarter. Finally, Steadtrust LLC grew its holdings in shares of Ondas by 10.3% during the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock valued at $177,000 after buying an additional 2,000 shares during the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

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.