Ondas (NASDAQ:ONDS) Stock Price Down 3.5% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price fell 3.5% during mid-day trading on Wednesday . The company traded as low as $9.30 and last traded at $9.31. 40,953,124 shares were traded during trading, a decline of 51% from the average session volume of 84,283,750 shares. The stock had previously closed at $9.65.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ONDS. Weiss Ratings raised shares of Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Northland Securities boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Glj Research set a $17.00 price objective on shares of Ondas in a research report on Tuesday, March 10th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ondas has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The company’s 50-day moving average is $10.10 and its 200 day moving average is $10.12. The company has a market capitalization of $4.73 billion, a PE ratio of 232.75 and a beta of 2.60.

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

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Tuesday, May 19th. The shares were 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 in the company, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Ondas

Several institutional investors have recently made changes to their positions in ONDS. NFSG Corp grew its holdings in Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after purchasing an additional 2,000 shares during the period. Western Wealth Management LLC bought a new stake in Ondas during the first quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the period. AdvisorNet Financial Inc bought a new stake in Ondas during the 1st quarter worth approximately $35,000. Finally, Avion Wealth raised its stake in Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares during the period. 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.