Ondas (NASDAQ:ONDS) Trading Up 11.5% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) was up 11.5% during trading on Thursday . The stock traded as high as $7.65 and last traded at $7.58. Approximately 55,083,647 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 85,798,070 shares. The stock had previously closed at $6.80.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ONDS shares. Needham & Company LLC lowered their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings raised 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. Finally, Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Ondas Trading Down 1.2%

The company has a market cap of $4.27 billion, a price-to-earnings ratio of 187.25 and a beta of 2.69. The business’s 50 day moving average price is $8.79 and its 200-day moving average price is $9.78.

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the business’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 value of $31,939,830.35. Following the sale, the chief executive officer 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 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 a total of 2,395,745 shares of company stock valued at $32,109,380 in the last three months. 1.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Ondas in the 4th quarter worth about $6,734,000. CI Investments Inc. acquired a new position in shares of Ondas during the 1st quarter worth approximately $4,255,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Ondas during the 4th quarter worth approximately $1,052,000. Legal & General Group Plc bought a new position in shares of Ondas during the fourth quarter worth approximately $14,215,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Ondas during the first quarter worth approximately $5,000,000. 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.