Ondas (NASDAQ:ONDS) Trading Up 1.7% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) traded up 1.7% during trading on Thursday . The stock traded as high as $7.88 and last traded at $7.65. Approximately 82,653,575 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 81,662,391 shares. The stock had previously closed at $7.52.

Analysts Set New Price Targets

Several equities analysts have issued reports on ONDS shares. Northland Securities upped their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note 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. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Ondas Price Performance

The firm has a 50-day simple moving average of $9.43 and a 200-day simple moving average of $10.12. The firm has a market capitalization of $3.85 billion, a PE ratio of 181.50 and a beta of 2.69.

Insider Activity at Ondas

In related news, Director Randy Seidl sold 10,000 shares of the business’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 directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction 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 represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently bought and sold shares of ONDS. Van ECK Associates Corp bought a new stake in Ondas during the fourth quarter valued at about $71,202,000. Vanguard Group Inc. raised its stake in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares during the period. Two Sigma Investments LP lifted its position in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after buying an additional 4,247,859 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Ondas during the 4th quarter valued at about $33,473,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after acquiring an additional 3,429,398 shares during the period. 37.73% of the stock is 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.