Ondas (NASDAQ:ONDS) Trading Up 2.2% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) shares were up 2.2% on Monday . The stock traded as high as $9.54 and last traded at $9.31. Approximately 31,085,289 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 85,315,336 shares. The stock had previously closed at $9.11.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Needham & Company LLC lowered their price target on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ondas currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Check Out Our Latest Stock Analysis on ONDS

Ondas Stock Performance

The stock’s fifty day simple moving average is $8.55 and its two-hundred day simple moving average is $9.61. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 232.75 and a beta of 2.72.

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 stock was 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 approximately $2,904,804.32. This trade represents a 3.27% 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 the SEC website. Also, 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 of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently modified their holdings of ONDS. Goldman Sachs Group Inc. increased its position in 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 in the last quarter. Geode Capital Management LLC lifted its position in Ondas by 57.4% during the second 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 in the last quarter. NewEdge Advisors LLC purchased a new stake in Ondas during the second quarter worth approximately $152,000. Sei Investments Co. purchased a new stake in Ondas during the second quarter worth approximately $3,086,000. Finally, HRT Financial LP acquired a new stake in shares of Ondas in the second quarter worth $2,244,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.

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