Ondas (NASDAQ:ONDS) Stock Price Up 5.9% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) rose 5.9% during mid-day trading on Tuesday . The stock traded as high as $9.09 and last traded at $8.86. 72,610,286 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 85,325,766 shares. The stock had previously closed at $8.37.

Analyst Upgrades and Downgrades

ONDS has been the subject of a number of research reports. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Needham & Company LLC decreased their price objective on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Get Our Latest Stock Analysis on Ondas

Ondas Price Performance

The stock’s 50-day simple moving average is $8.78 and its two-hundred day simple moving average is $9.72. The firm has a market cap of $5.05 billion, a P/E ratio of 221.50 and a beta of 2.72.

Insider Buying and Selling at Ondas

In related news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several large investors have recently modified their holdings of ONDS. Beaird Harris Wealth Management LLC lifted its position in shares of Ondas by 3.8% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after purchasing an additional 1,000 shares during the period. State of Wyoming increased its holdings in Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after buying an additional 1,631 shares during the period. Avion Wealth increased its holdings in Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after buying an additional 2,000 shares during the period. NFSG Corp raised its stake in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Finally, Steadtrust LLC raised its stake in Ondas by 10.3% in the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

(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.

Further Reading

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