Ondas (NASDAQ:ONDS) Shares Up 7.1% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares shot up 7.1% during mid-day trading on Tuesday . The company traded as high as $11.47 and last traded at $11.28. 108,619,728 shares were traded during mid-day trading, an increase of 8% from the average session volume of 100,212,328 shares. The stock had previously closed at $10.53.

Analyst Ratings Changes

A number of brokerages have recently commented on ONDS. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Northland Securities set a $16.00 price objective on shares of Ondas in a research note on Tuesday, January 20th. Stifel Nicolaus upped their price objective on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ondas presently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Ondas Price Performance

The business has a 50 day moving average price of $10.96 and a 200 day moving average price of $8.96. The stock has a market capitalization of $4.96 billion, a PE ratio of -27.14 and a beta of 2.47.

Insider Buying and Selling

In related news, Director Richard M. Cohen sold 25,861 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the sale, the director directly owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. This represents a 11.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Randy Seidl sold 21,520 shares of Ondas stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the transaction, the director directly owned 212,470 shares of the company’s stock, valued at $2,014,215.60. This trade represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 556,605 shares of company stock worth $5,385,865 over the last quarter. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Ondas

A number of hedge funds have recently added to or reduced their stakes in ONDS. Beaird Harris Wealth Management LLC boosted its stake in Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares during the last quarter. Avion Wealth lifted its holdings in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Ondas by 30.0% during the fourth quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock valued at $127,000 after buying an additional 3,000 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Ondas by 228.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after buying an additional 3,063 shares in the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.