Needham & Company LLC Lowers Ondas (NASDAQ:ONDS) Price Target to $19.00

Ondas (NASDAQ:ONDS) had its target price reduced by analysts at Needham & Company LLC from $23.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 142.97% from the company’s current price.

A number of other research analysts have also recently commented on ONDS. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Glj Research set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. Finally, Wall Street Zen cut 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 issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Ondas Price Performance

NASDAQ:ONDS opened at $7.82 on Tuesday. The business’s 50-day simple moving average is $9.72 and its two-hundred day simple moving average is $10.15. Ondas has a 52 week low of $1.71 and a 52 week high of $15.28.

Insider Buying and Selling at Ondas

In other news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,395,745 shares of company stock worth $32,109,380 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ondas

Several large investors have recently bought and sold shares of ONDS. JPMorgan Chase & Co. lifted its holdings in shares of Ondas by 3,558,617.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after acquiring an additional 2,063,998 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in Ondas during the third quarter worth approximately $7,720,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Ondas during the fourth quarter worth approximately $6,734,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Ondas during the fourth quarter valued at approximately $1,052,000. Finally, Legal & General Group Plc purchased a new stake in Ondas during the fourth quarter valued at approximately $14,215,000. Institutional investors own 37.73% of the company’s stock.

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.