Ondas (NASDAQ:ONDS) Stock Price Up 6.4% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price traded up 6.4% on Thursday . The stock traded as high as $8.84 and last traded at $8.75. Approximately 82,917,362 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 84,419,680 shares. The stock had previously closed at $8.22.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ONDS shares. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Oppenheimer lifted their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price objective on shares of Ondas in a report on Friday, August 14th. Roth Capital reiterated a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. Finally, Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Stock Performance

The business has a fifty day moving average of $8.08 and a 200-day moving average of $9.37. The company has a market capitalization of $4.51 billion, a P/E ratio of -112.86 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $83.77 million for the quarter, compared to the consensus estimate of $67.97 million. Sell-side analysts anticipate that Ondas Holdings Inc. will post -0.47 EPS for the current year.

Insider Transactions at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the sale, the director directly owned 261,836 shares of the company’s stock, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.67% of the stock is owned by company insiders.

Institutional Trading of Ondas

Several institutional investors and hedge funds have recently made changes to their positions in the company. NFSG Corp boosted its holdings in Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Ondas in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares during the last quarter. IFP Advisors Inc increased its stake in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new position in shares of Ondas during the 1st quarter worth approximately $35,000. 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.