Ondas (NASDAQ:ONDS) Trading 5.9% Higher – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) were up 5.9% on Tuesday . The company traded as high as $9.09 and last traded at $8.86. 72,610,286 shares were traded during trading, a decline of 15% from the average session volume of 85,325,766 shares. The stock had previously closed at $8.37.

Analyst Upgrades and Downgrades

ONDS has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Needham & Company LLC dropped their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Ondas Stock Performance

The company’s fifty day moving average is $8.72 and its two-hundred day moving average is $9.66. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 218.50 and a beta of 2.72.

Insider Activity

In other news, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director owned 295,504 shares in the company, valued at $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. Insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Ondas in the fourth quarter worth about $6,734,000. CI Investments Inc. acquired a new stake in shares of Ondas during the 1st quarter valued at about $4,255,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Ondas during the 4th quarter valued at about $1,052,000. Oddo BHF Asset Management Sas purchased a new position in shares of Ondas in the 1st quarter valued at about $5,000,000. Finally, Legal & General Group Plc purchased a new position in shares of Ondas in the 4th quarter valued at about $14,215,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.