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

Ondas Holdings Inc. (NASDAQ:ONDS) gapped up prior to trading on Thursday . The stock had previously closed at $10.80, but opened at $11.48. Ondas shares last traded at $12.8260, with a volume of 73,254,379 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings raised Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Glj Research set a $17.00 target price on Ondas in a research note on Tuesday, March 10th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Price Performance

The business has a 50 day moving average of $9.81 and a 200 day moving average of $9.77. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 317.35 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. As a group, equities analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

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 transaction of $98,300.00. Following the completion of the sale, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONDS. JPMorgan Chase & Co. lifted its holdings in shares of Ondas by 3,558,617.2% in the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after purchasing an additional 2,063,998 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Ondas by 88.4% in the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after purchasing an additional 154,792 shares in the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of Ondas during the 3rd quarter worth about $7,720,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Ondas during the 4th quarter worth about $6,734,000. Finally, Vanguard Group Inc. boosted its stake in shares of Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after buying an additional 7,024,549 shares during 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.