Ondas Target of Unusually Large Options Trading (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of some unusual options trading activity on Thursday. Investors acquired 236,628 call options on the company. This represents an increase of approximately 46% compared to the average daily volume of 161,658 call options.

Ondas Trading Up 10.1%

ONDS opened at $11.07 on Thursday. Ondas has a twelve month low of $0.57 and a twelve month high of $15.28. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -27.68 and a beta of 2.46. The company has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $8.07.

Analysts Set New Price Targets

A number of research analysts have issued reports on ONDS shares. Stifel Nicolaus increased their target price on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Northland Securities set a $16.00 price objective on Ondas in a research note on Tuesday, January 20th. Needham & Company LLC lifted their price objective on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Loop Capital set a $10.00 target price on Ondas in a report on Wednesday, November 26th. Finally, Oppenheimer lifted their price target on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.29.

Insider Activity

In related news, Director Jaspreet K. Sood sold 29,698 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $281,537.04. Following the transaction, the director directly owned 175,631 shares of the company’s stock, valued at $1,664,981.88. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the sale, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,406,605 shares of company stock worth $12,109,365 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new stake in Ondas during the 4th quarter worth about $14,763,000. Vident Advisory LLC acquired a new stake in shares of Ondas in the fourth quarter worth $2,921,000. Beacon Pointe Advisors LLC bought a new stake in Ondas during the fourth quarter valued at about $155,000. NewEdge Advisors LLC increased its position in Ondas by 1,284.6% in the 4th quarter. NewEdge Advisors LLC now owns 44,308 shares of the company’s stock worth $432,000 after buying an additional 41,108 shares during the period. Finally, SummitTX Capital L.P. bought a new position in Ondas during the fourth quarter worth $939,000. 37.73% of the stock is currently owned by institutional investors.

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.