Traders Buy Large Volume of Call Options on Ondas (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of unusually large options trading on Thursday. Investors bought 299,121 call options on the company. This is an increase of 52% compared to the average daily volume of 196,580 call options.

Analysts Set New Price Targets

ONDS has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings downgraded Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Needham & Company LLC reduced their price objective on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.33.

Ondas News Summary

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Raised outlook and strong backlog: Ondas reported second-quarter revenue of approximately $83.8 million, above estimates near $68 million, and raised its 2026 revenue outlook to $550 million. Management also highlighted a backlog of roughly $757 million and expects sustained demand for its drone and counter-drone systems. ONDAS Stock Rises on a Q2 Earnings Report, a $757 Million Backlog, and Raised Guidance
• Positive Sentiment: Israeli defense opportunity: Ondas won a multimillion-dollar Israeli defense tender for next-generation tactical attack drones, expanding its international customer base and supporting its autonomous defense strategy. Ondas Wins Israeli Defense Tender for Next-Gen Tactical Attack Drones
• Positive Sentiment: Analyst and trading support: Roth Capital initiated coverage with a “strong-buy” rating, while traders purchased about 299,121 call options—roughly 52% above typical call volume—indicating increased speculative bullish interest. Roth Capital Begins Coverage on Ondas
• Neutral Sentiment: High short interest: Short interest reportedly stands near 40%. This creates the possibility of a short squeeze if positive contract and earnings news continues, but it also signals significant skepticism among investors. Ondas Stock in Focus as Short Interest Hits 40% Ahead of Earnings
• Negative Sentiment: Profitability remains the key problem: Although adjusted results beat some consensus estimates, reports highlighted a sizable adjusted EBITDA loss of approximately $50.6 million. Another earnings report cited a GAAP loss wider than analysts expected, making the revenue growth less compelling for investors focused on near-term profitability. Trends Making Noise on Wall Street Today
• Negative Sentiment: Valuation and expectations: With a high earnings multiple, negative returns on equity and a recent rally of more than 70% from its yearly low, ONDS had elevated expectations heading into earnings. The large post-report decline suggests investors are taking profits and demanding clearer evidence that the backlog will convert into profitable cash flow. Ondas Drops After Earnings

Insider Activity at Ondas

In other news, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the transaction, the director directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Randy Seidl sold 10,000 shares of the business’s 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 completion of the transaction, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

Institutional investors have recently made changes to their positions in the company. NFSG Corp increased its position in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC bought a new position in Ondas during the first quarter worth about $28,000. EverSource Wealth Advisors LLC raised its stake in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares in the last quarter. IFP Advisors Inc boosted its holdings in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas during the 1st quarter worth approximately $35,000. Institutional investors own 37.73% of the company’s stock.

Ondas Price Performance

ONDS stock traded down $0.86 during trading hours on Thursday, reaching $8.91. The stock had a trading volume of 123,326,108 shares, compared to its average volume of 85,506,867. The stock has a 50-day simple moving average of $8.29 and a 200 day simple moving average of $9.52. Ondas has a fifty-two week low of $3.20 and a fifty-two week high of $15.28. The stock has a market capitalization of $5.08 billion, a PE ratio of 222.75 and a beta of 2.72.

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.