Ondas (NASDAQ:ONDS) Shares Up 5.2% – Here’s What Happened
by Jessica Moore · The Cerbat GemOndas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s stock price shot up 5.2% during mid-day trading on Monday . The company traded as high as $7.01 and last traded at $6.87. 186,617,177 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 84,299,297 shares. The stock had previously closed at $6.53.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Northland Securities boosted their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Needham & Company LLC lowered their price target on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.
Check Out Our Latest Analysis on Ondas
Ondas Stock Performance
The company’s 50 day moving average is $9.19 and its 200 day moving average is $10.06. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 171.75 and a beta of 2.69.
Insider Transactions at Ondas
In other news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated 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 owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. 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. In the last 90 days, insiders have sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is currently owned by company insiders.
Institutional Trading of Ondas
A number of hedge funds have recently modified their holdings of the company. NFSG Corp grew 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 worth $27,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Ondas in the first quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its position in Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares during the period. IFP Advisors Inc lifted its position in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in Ondas during the first quarter worth $35,000. 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.