Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s stock price rose 4.4% during trading on Wednesday . The stock traded as high as $8.58 and last traded at $8.00. Approximately 172,643,593 shares changed hands during mid-day trading, an increase of 100% from the average session volume of 86,372,078 shares. The stock had previously closed at $7.66.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on ONDS shares. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. 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. Needham & Company LLC reduced their price target on shares of Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.75.
Read Our Latest Research Report on ONDS
Ondas Stock Performance
Insider Buying and Selling
In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the business’s 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 in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This trade 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 have sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last three months. Company insiders own 1.67% of the company’s stock.
Institutional Trading of Ondas
A number of large investors have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC lifted its holdings in shares of Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares during the last quarter. State of Wyoming boosted its position in shares of Ondas by 31.5% in the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after purchasing an additional 1,631 shares during the period. Avion Wealth increased its stake in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares in the last quarter. NFSG Corp increased its stake in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Steadtrust LLC increased its stake in Ondas by 10.3% in the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares in 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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