Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s share price traded down 3.9% during mid-day trading on Wednesday . The company traded as low as $7.85 and last traded at $7.92. Approximately 87,498,921 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 82,037,375 shares. The stock had previously closed at $8.24.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ONDS shares. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Northland Securities raised their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Glj Research set a $17.00 price objective on Ondas in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.
Read Our Latest Stock Report on Ondas
Ondas Stock Performance
Insider Transactions at Ondas
In related news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction 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 trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Ondas
Several institutional investors and hedge funds have recently added to or reduced their stakes in ONDS. Empowered Funds LLC acquired a new stake in shares of Ondas during the first quarter valued at about $126,000. Militia Capital Management LLC acquired a new stake in Ondas during the 1st quarter worth about $212,000. Western Wealth Management LLC bought a new stake in Ondas in the first quarter worth approximately $28,000. Bank of America Corp DE lifted its position in shares of Ondas by 1,443.9% during the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after acquiring an additional 1,313,823 shares during the period. Finally, Janus Henderson Group PLC increased its position in Ondas by 16.8% in the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after buying an additional 26,500 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.
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.
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