Ondas (NASDAQ:ONDS) Trading Up 5.5% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) shot up 5.5% during trading on Monday . The company traded as high as $7.84 and last traded at $7.82. Approximately 72,680,249 shares traded hands during trading, a decline of 11% from the average daily volume of 82,010,516 shares. The stock had previously closed at $7.41.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ONDS. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Performance

The stock has a market capitalization of $4.09 billion, a P/E ratio of 195.50 and a beta of 2.69. The firm has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $10.15.

Insiders Place Their Bets

In related news, Director Richard M. Cohen sold 7,500 shares of the firm’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 value of $71,250.00. Following the transaction, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Randy Seidl sold 10,000 shares of the company’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 sale, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in shares of Ondas during the 1st quarter valued at approximately $126,000. Militia Capital Management LLC purchased a new stake in Ondas in the 1st quarter worth $212,000. Western Wealth Management LLC bought a new stake in Ondas during the first quarter valued at about $28,000. Bank of America Corp DE raised its holdings in Ondas by 1,443.9% during the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after acquiring an additional 1,313,823 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Ondas by 16.8% in the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after acquiring an additional 26,500 shares in the last quarter. 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.