Ondas (NASDAQ:ONDS) Shares Up 5.7% – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) shares were up 5.7% during mid-day trading on Tuesday . The stock traded as high as $7.44 and last traded at $7.36. Approximately 108,155,376 shares traded hands during trading, an increase of 32% from the average daily volume of 81,933,922 shares. The stock had previously closed at $6.96.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ONDS shares. Needham & Company LLC reduced their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Northland Securities boosted their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.

View Our Latest Research Report on Ondas

Ondas Stock Up 5.7%

The company’s 50-day moving average is $9.37 and its 200-day moving average is $10.11. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 184.00 and a beta of 2.69.

Insider Activity

In other news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 valued at $32,109,380 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in shares of Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after purchasing an additional 91,732 shares during the period. Geode Capital Management LLC raised its holdings in Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after buying an additional 490,239 shares during the period. NewEdge Advisors LLC purchased a new stake in Ondas in the 2nd quarter valued at about $152,000. Sei Investments Co. acquired a new position in Ondas in the second quarter valued at about $3,086,000. Finally, HRT Financial LP acquired a new position in Ondas in the second quarter valued at about $2,244,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

About Ondas

(Get Free Report)

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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