Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) traded up 1.7% during trading on Thursday . The stock traded as high as $7.88 and last traded at $7.65. Approximately 82,653,575 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 81,662,391 shares. The stock had previously closed at $7.52.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Northland Securities lifted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.
Check Out Our Latest Research Report on Ondas
Ondas Price Performance
Insider Buying and Selling
In related news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction on 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 owned 295,504 shares in the company, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Company insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Ondas
A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp acquired a new position in shares of Ondas during the 4th quarter worth about $71,202,000. Vanguard Group Inc. boosted its stake in Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after purchasing an additional 5,351,725 shares during the period. Two Sigma Investments LP grew its holdings in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after buying an additional 4,247,859 shares during the last quarter. Marshall Wace LLP acquired a new stake in Ondas in the 4th quarter valued at approximately $33,473,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Ondas by 9,274.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after buying an additional 3,429,398 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.
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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