Ondas (NASDAQ:ONDS) Stock Price Up 3.1% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 3.1% during trading on Thursday . The stock traded as high as $12.42 and last traded at $11.97. Approximately 62,906,496 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 85,444,422 shares. The stock had previously closed at $11.61.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several recent analyst reports. Northland Securities boosted their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings upgraded shares of Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The stock’s fifty day moving average price is $10.04 and its 200-day moving average price is $10.02. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 299.25 and a beta of 2.60.

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

Insider Activity

In other news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was 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 $48,119,824.30. This represents a 39.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the transaction, the director owned 295,504 shares in the company, valued at $2,904,804.32. This represents a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,395,745 shares of company stock worth $32,109,380 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of large investors have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new position in shares of Ondas in the 1st quarter valued at about $28,000. Bank of America Corp DE increased its holdings in shares of Ondas by 1,443.9% in the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after purchasing an additional 1,313,823 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Ondas by 16.8% in the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after purchasing an additional 26,500 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Ondas in the 1st quarter valued at about $5,000,000. Finally, Arkadios Wealth Advisors increased its holdings in shares of Ondas by 37.3% in the 1st quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock valued at $460,000 after purchasing an additional 13,821 shares during the period. Institutional investors and hedge funds 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.