Ondas (NASDAQ:ONDS) Trading 2.4% Higher – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was up 2.4% during mid-day trading on Monday . The company traded as high as $8.22 and last traded at $8.02. 57,272,382 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 81,919,992 shares. The stock had previously closed at $7.83.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ONDS. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Northland Securities boosted their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Glj Research set a $17.00 price objective on shares of Ondas in a research note on Tuesday, March 10th. Finally, Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Down 3.9%

The business’s 50 day simple moving average is $9.91 and its two-hundred day simple moving average is $10.17. The firm has a market capitalization of $4.15 billion, a PE ratio of 198.00 and a beta of 2.60.

Insider Transactions at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the firm’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 transaction, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was 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. Insiders have sold 2,395,745 shares of company stock worth $32,109,380 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the period. Van ECK Associates Corp purchased a new position in Ondas during the fourth quarter valued at $71,202,000. State Street Corp increased its holdings in Ondas by 130.2% in the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after acquiring an additional 2,920,071 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Ondas by 1,325.9% in the third 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in Ondas by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after acquiring an additional 774,862 shares during the last quarter. 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.