Ondas (NASDAQ:ONDS) Trading 2.9% Higher – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) was up 2.9% during trading on Thursday . The stock traded as high as $11.59 and last traded at $11.39. Approximately 101,883,194 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 101,692,531 shares. The stock had previously closed at $11.07.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ONDS. HC Wainwright raised their price objective on shares of Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Lake Street Capital raised their price target on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Zacks Research lowered shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Loop Capital set a $10.00 target price on shares of Ondas in a research report on Wednesday, November 26th. Finally, Oppenheimer raised their target price on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.29.

Ondas Price Performance

The company has a market capitalization of $4.81 billion, a P/E ratio of -28.48 and a beta of 2.46. The stock’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $8.07.

Insider Activity

In related news, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the transaction, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard M. Cohen sold 25,861 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the transaction, the director owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. The trade was a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,406,605 shares of company stock worth $12,109,365 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after buying an additional 5,351,725 shares during the period. Hood River Capital Management LLC acquired a new position in Ondas in the 2nd quarter valued at approximately $14,479,000. Van ECK Associates Corp bought a new stake in shares of Ondas in the 4th quarter worth approximately $71,202,000. AWM Investment Company Inc. bought a new stake in shares of Ondas in the 2nd quarter worth approximately $11,123,000. Finally, State Street Corp grew its holdings in shares of Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after purchasing an additional 2,920,071 shares in the last quarter. Institutional investors and hedge funds 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.