Ondas Target of Unusually High Options Trading (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of unusually large options trading on Thursday. Investors purchased 299,121 call options on the stock. This represents an increase of 52% compared to the average daily volume of 196,580 call options.

Ondas Trading Down 8.8%

ONDS stock traded down $0.86 during mid-day trading on Thursday, reaching $8.91. The company’s stock had a trading volume of 123,326,108 shares, compared to its average volume of 85,506,867. The business’s 50 day moving average price is $8.29 and its 200 day moving average price is $9.52. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 222.75 and a beta of 2.72. Ondas has a 12 month low of $3.20 and a 12 month high of $15.28.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several recent research reports. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Needham & Company LLC dropped their target price on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Roth Capital began coverage on shares of Ondas in a report on Tuesday. They issued a “buy” rating and a $13.00 target price on the stock. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.33.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was 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. Over the last quarter, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently added to or reduced their stakes in the business. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Ondas during the 4th quarter worth approximately $6,734,000. CI Investments Inc. bought a new stake in shares of Ondas in the 1st quarter worth approximately $4,255,000. The Manufacturers Life Insurance Company boosted its position in Ondas by 664.0% during the first quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock valued at $1,171,000 after buying an additional 112,534 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Ondas during the 4th quarter valued at $1,052,000. Finally, Oddo BHF Asset Management Sas bought a new position in Ondas during the 1st quarter valued at approximately $5,000,000. 37.73% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Raised outlook and strong backlog: Ondas reported second-quarter revenue of approximately $83.8 million, above estimates near $68 million, and raised its 2026 revenue outlook to $550 million. Management also highlighted a backlog of roughly $757 million and expects sustained demand for its drone and counter-drone systems. ONDAS Stock Rises on a Q2 Earnings Report, a $757 Million Backlog, and Raised Guidance
• Positive Sentiment: Israeli defense opportunity: Ondas won a multimillion-dollar Israeli defense tender for next-generation tactical attack drones, expanding its international customer base and supporting its autonomous defense strategy. Ondas Wins Israeli Defense Tender for Next-Gen Tactical Attack Drones
• Positive Sentiment: Analyst and trading support: Roth Capital initiated coverage with a “strong-buy” rating, while traders purchased about 299,121 call options—roughly 52% above typical call volume—indicating increased speculative bullish interest. Roth Capital Begins Coverage on Ondas
• Neutral Sentiment: High short interest: Short interest reportedly stands near 40%. This creates the possibility of a short squeeze if positive contract and earnings news continues, but it also signals significant skepticism among investors. Ondas Stock in Focus as Short Interest Hits 40% Ahead of Earnings
• Negative Sentiment: Profitability remains the key problem: Although adjusted results beat some consensus estimates, reports highlighted a sizable adjusted EBITDA loss of approximately $50.6 million. Another earnings report cited a GAAP loss wider than analysts expected, making the revenue growth less compelling for investors focused on near-term profitability. Trends Making Noise on Wall Street Today
• Negative Sentiment: Valuation and expectations: With a high earnings multiple, negative returns on equity and a recent rally of more than 70% from its yearly low, ONDS had elevated expectations heading into earnings. The large post-report decline suggests investors are taking profits and demanding clearer evidence that the backlog will convert into profitable cash flow. Ondas Drops After Earnings

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.