Ondas (NASDAQ:ONDS) Shares Up 2.7% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 2.7% during mid-day trading on Monday . The stock traded as high as $11.20 and last traded at $10.64. Approximately 92,064,544 shares traded hands during trading, a decline of 17% from the average daily volume of 110,368,008 shares. The stock had previously closed at $10.36.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer increased their price target on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Lake Street Capital raised their target price on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Northland Securities set a $16.00 price objective on Ondas in a research report on Tuesday, January 20th. Finally, HC Wainwright raised their price objective on shares of Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Stock Up 2.7%

The business has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $7.41. The company has a market cap of $4.50 billion, a PE ratio of -26.60 and a beta of 2.46.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The business had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. On average, research analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard M. Cohen sold 25,861 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the sale, the director owned 197,746 shares of the company’s stock, valued at $1,874,632.08. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randy Seidl sold 21,520 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the transaction, the director directly owned 212,470 shares in the company, valued at $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. 1.60% of the stock is owned by company insiders.

Institutional Trading of Ondas

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of Ondas by 154.9% during the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after purchasing an additional 9,904 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after buying an additional 2,892 shares in the last quarter. Penbrook Management LLC purchased a new stake in shares of Ondas during the second quarter worth $35,000. Exencial Wealth Advisors LLC acquired a new stake in shares of Ondas in the second quarter valued at about $36,000. Finally, Avion Wealth lifted its stake in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares in the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

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.