Ondas (NASDAQ:ONDS) Stock Price Up 2.7% – Time to Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) were up 2.7% during mid-day trading on Tuesday . The stock traded as high as $8.65 and last traded at $8.24. 80,923,327 shares changed hands during trading, a decline of 1% from the average session volume of 81,987,961 shares. The stock had previously closed at $8.02.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ONDS shares. Northland Securities raised their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ondas presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Price Performance

The stock’s fifty day moving average price is $9.95 and its 200-day moving average price is $10.17. The firm has a market cap of $4.31 billion, a PE ratio of 206.00 and a beta of 2.60.

Insider Activity at Ondas

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after buying an additional 5,351,725 shares during the period. Van ECK Associates Corp acquired a new position in Ondas in the fourth quarter valued at approximately $71,202,000. State Street Corp grew its position in Ondas by 130.2% in the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP grew its position in Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC increased its stake in Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after acquiring an additional 774,862 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.