Ondas (NASDAQ:ONDS) Shares Up 11.5% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 11.5% on Thursday . The stock traded as high as $7.65 and last traded at $7.58. Approximately 55,083,647 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 85,798,070 shares. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price target on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Trading Up 11.5%

The stock has a 50-day simple moving average of $8.86 and a 200 day simple moving average of $9.84. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 189.50 and a beta of 2.69.

Insider Transactions at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the business’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 transaction, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,395,745 shares of company stock valued at $32,109,380 over the last three months. 1.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. NFSG Corp lifted its holdings in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Ondas during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of Ondas in the 1st quarter valued at approximately $35,000. Finally, Avion Wealth raised its stake in shares of Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

About Ondas

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.