Ondas (NASDAQ:ONDS) Stock Price Up 2.7% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price shot up 2.7% during trading on Tuesday . The company traded as high as $8.65 and last traded at $8.24. Approximately 80,923,327 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 81,987,961 shares. The stock had previously closed at $8.02.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. 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. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Performance

The company has a market cap of $4.31 billion, a price-to-earnings ratio of 206.00 and a beta of 2.60. The company’s fifty day moving average is $9.95 and its two-hundred day moving average is $10.17.

Insiders Place Their Bets

In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Hedge funds have recently bought and sold shares of the stock. NFSG Corp increased 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 valued at $27,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Ondas during the first quarter worth $28,000. EverSource Wealth Advisors LLC boosted its holdings in Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after buying an additional 3,063 shares in the last quarter. IFP Advisors Inc grew its position in 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 period. Finally, AdvisorNet Financial Inc acquired a new stake in Ondas during the first quarter valued at $35,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.