Ondas (NASDAQ:ONDS) Trading 3.9% Higher – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) rose 3.9% on Friday . The company traded as high as $8.83 and last traded at $8.71. 58,449,304 shares traded hands during trading, a decline of 31% from the average session volume of 85,077,734 shares. The stock had previously closed at $8.38.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. LADENBURG THALM/SH SH lifted their price target on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research note on Monday. Oppenheimer boosted their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Price Performance

The company has a market cap of $4.97 billion, a price-to-earnings ratio of -124.43 and a beta of 2.72. The business’s fifty day moving average price is $8.19 and its 200 day moving average price is $9.44.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, equities research analysts anticipate that Ondas Holdings Inc. will post -0.33 EPS for the current year.

Insider Transactions at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Ondas stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Ondas by 444.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after purchasing an additional 91,732 shares during the last quarter. Geode Capital Management LLC raised its stake in Ondas by 57.4% during the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after buying an additional 490,239 shares during the last quarter. NewEdge Advisors LLC bought a new position in Ondas during the second quarter worth $152,000. Sei Investments Co. bought a new position in Ondas during the second quarter worth $3,086,000. Finally, HRT Financial LP acquired a new position in Ondas in the second quarter valued at $2,244,000. 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.