Ondas (NASDAQ:ONDS) Shares Down 1.8% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price traded down 1.8% during trading on Wednesday . The company traded as low as $8.62 and last traded at $8.90. 68,056,038 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 85,342,977 shares. The stock had previously closed at $9.06.

Analyst Upgrades and Downgrades

A number of research firms have commented on ONDS. Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Ondas in a research report on Friday, August 14th. LADENBURG THALM/SH SH upped their target price on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a report on Monday. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, Oppenheimer lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Stock Performance

The business has a fifty day simple moving average of $8.19 and a 200 day simple moving average of $9.44. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of -124.43 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $83.77 million for the quarter, compared to the consensus estimate of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. On average, sell-side analysts forecast that Ondas Holdings Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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. This trade represents a 39.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the sale, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. This trade represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.67% of the company’s stock.

Institutional Trading of Ondas

Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Ondas by 444.4% in 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 during the period. Geode Capital Management LLC increased its holdings in Ondas by 57.4% in the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after buying an additional 490,239 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Ondas in the second quarter valued at about $152,000. Sei Investments Co. acquired a new position in Ondas in the 2nd quarter valued at $3,086,000. Finally, HRT Financial LP acquired a new position in Ondas during the second quarter worth $2,244,000. Hedge funds and other 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.