Ondas (NASDAQ:ONDS) Trading Down 3.9% – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 3.9% during trading on Wednesday . The company traded as low as $7.85 and last traded at $7.92. Approximately 87,498,921 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 82,037,375 shares. The stock had previously closed at $8.24.

Analyst Ratings Changes

Several research firms have recently weighed in on ONDS. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings downgraded Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The company has a market capitalization of $4.15 billion, a PE ratio of 198.00 and a beta of 2.60. The company’s fifty day moving average is $9.91 and its 200-day moving average is $10.17.

Insider Activity

In related news, Director Richard M. Cohen sold 7,500 shares of the company’s 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 directly owned 264,853 shares in the company, valued at $2,516,103.50. This represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Ondas

Several hedge funds have recently modified their holdings of the company. Beaird Harris Wealth Management LLC boosted its holdings in shares of Ondas by 3.8% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming lifted its position in Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after acquiring an additional 1,631 shares during the last quarter. Avion Wealth lifted its position in Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares during the last quarter. NFSG Corp boosted its stake in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares in the last quarter. 37.73% of the stock is owned by hedge funds and other 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.