Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s stock price was down 6.4% during mid-day trading on Thursday . The company traded as low as $7.37 and last traded at $7.41. 86,277,209 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 82,079,859 shares. The stock had previously closed at $7.92.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Glj Research set a $17.00 price target on Ondas in a research report on Tuesday, March 10th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.
Check Out Our Latest Stock Analysis on ONDS
Ondas Stock Down 6.4%
Insiders Place Their Bets
In other news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,395,745 shares of company stock worth $32,109,380 in the last quarter. 1.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. NFSG Corp boosted its stake in Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC bought a new stake in shares of Ondas during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ondas by 5,373.7% during the first 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 increased its position in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in Ondas in the first quarter valued at approximately $35,000. 37.73% of the stock is owned by institutional investors.
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.
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