Ondas (NASDAQ:ONDS) Shares Gap Up – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price gapped up before the market opened on Friday . The stock had previously closed at $8.91, but opened at $9.43. Ondas shares last traded at $9.1910, with a volume of 24,208,526 shares.

Key Stories Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Raised outlook and sizable backlog: Ondas increased its 2026 revenue outlook to $550 million and reported a backlog of approximately $757 million, signaling strong demand for its autonomous drone and counter-drone technologies. ONDAS Q2 2026 earnings, backlog and guidance
• Positive Sentiment: Israeli defense win: The company secured a multi-million-dollar Israeli defense tender for next-generation tactical attack drones, expanding its international defense opportunity and potentially supporting future orders. Ondas wins Israeli defense tender
• Positive Sentiment: Analyst support and bullish trading: Needham reaffirmed its Buy rating and assigned a $19 price target. Call-option volume was also about 52% above average, indicating continued speculative bullish interest, although options activity does not guarantee fundamental buying. Needham rating and price target
• Neutral Sentiment: Heavy short interest: Short interest reportedly reached about 40%. This can create the possibility of a short squeeze if positive news continues, but it also highlights significant skepticism and the potential for sharp price swings. Ondas short interest
• Negative Sentiment: Earnings profitability concerns: Ondas reported a quarterly loss, with one report showing an adjusted EPS loss of $0.03 that beat estimates, while another reported a GAAP loss of $0.19 that missed consensus. Revenue of $83.77 million exceeded expectations, but the company posted a $50.6 million adjusted EBITDA loss. Investors appear focused on the continuing cash-burn and execution risk despite the higher revenue forecast. Ondas Q2 loss and revenue results

Analyst Ratings Changes

ONDS has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of Ondas in a research report on Friday. Roth Capital began coverage on shares of Ondas in a research report on Tuesday. They set a “buy” rating and a $13.00 price objective for the company. Weiss Ratings cut shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Oppenheimer reaffirmed an “outperform” rating on shares of Ondas in a report on Friday. Finally, Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

Ondas Stock Performance

The company has a market capitalization of $5.34 billion, a PE ratio of 232.40 and a beta of 2.72. The firm’s 50-day simple moving average is $8.29 and its 200 day simple moving average is $9.52.

Insider Activity at Ondas

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the company’s 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 transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,395,745 shares of company stock worth $32,109,380 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

A number of institutional investors and hedge funds have recently modified their holdings of ONDS. Beaird Harris Wealth Management LLC grew its holdings in shares of Ondas by 3.8% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after acquiring an additional 1,000 shares during the period. State of Wyoming raised its stake in shares of Ondas by 31.5% during the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after buying an additional 1,631 shares during the last quarter. NFSG Corp raised its stake 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 buying an additional 2,000 shares during the last quarter. Steadtrust LLC boosted its position in shares of Ondas by 10.3% in the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after buying an additional 2,000 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares during the last quarter. Institutional investors and hedge funds 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.