Ondas (NASDAQ:ONDS) Shares Up 1.9% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded up 1.9% during mid-day trading on Monday . The company traded as high as $9.97 and last traded at $9.51. 57,122,224 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 83,449,289 shares. The stock had previously closed at $9.33.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 9th. Needham & Company LLC restated a “buy” rating and issued a $23.00 price target on shares of Ondas in a research report on Tuesday, May 19th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Glj Research set a $17.00 price target on Ondas in a research report on Tuesday, March 10th. Finally, Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Up 1.9%

The company has a market capitalization of $4.83 billion, a PE ratio of 237.75 and a beta of 2.60. The firm has a 50-day moving average of $10.15 and a two-hundred day moving average of $10.16.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The business had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, equities research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value 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 approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of the 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 transaction, the director owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,395,745 shares of company stock worth $32,109,380. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new position in Ondas during the 4th quarter valued at about $71,202,000. Vanguard Group Inc. boosted its holdings in Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after acquiring an additional 7,024,549 shares during the period. Two Sigma Investments LP boosted its holdings in Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the period. Marshall Wace LLP purchased a new position in Ondas during the 4th quarter valued at about $33,473,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after acquiring an additional 3,429,398 shares during the period. Institutional investors and hedge funds 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.