Ondas (NASDAQ:ONDS) Shares Up 5.9% – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares shot up 5.9% on Monday . The company traded as high as $12.42 and last traded at $10.67. 179,258,566 shares traded hands during trading, an increase of 80% from the average session volume of 99,686,852 shares. The stock had previously closed at $10.08.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ONDS shares. Needham & Company LLC upped their target price on Ondas from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Stifel Nicolaus upped their price objective on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. HC Wainwright increased their price objective on Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Northland Securities set a $16.00 target price on shares of Ondas in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.29.

Ondas Stock Up 5.9%

The stock’s 50 day simple moving average is $10.89 and its two-hundred day simple moving average is $8.45. The company has a market cap of $4.51 billion, a PE ratio of -26.68 and a beta of 2.46.

Insider Activity at Ondas

In other Ondas news, Director Richard M. Cohen sold 25,861 shares of Ondas stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the transaction, the director directly owned 197,746 shares of the company’s stock, valued at $1,874,632.08. The trade was a 11.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Neil J. Laird sold 4,526 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $42,906.48. Following the sale, the chief financial officer owned 8,224 shares of the company’s stock, valued at approximately $77,963.52. This represents a 35.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 556,605 shares of company stock valued at $5,385,865 over the last three months. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Ondas by 444.4% during the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after purchasing an additional 91,732 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Ondas during the 2nd quarter worth approximately $144,000. SBI Securities Co. Ltd. grew its position in Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after acquiring an additional 9,904 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ondas by 57.4% during the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after purchasing an additional 490,239 shares during the period. Finally, DNB Asset Management AS raised its stake in shares of Ondas by 48.9% during the second quarter. DNB Asset Management AS now owns 175,162 shares of the company’s stock valued at $336,000 after purchasing an additional 57,545 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.