Ondas (NASDAQ:ONDS) Shares Down 2.8% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 2.8% on Thursday . The company traded as low as $8.70 and last traded at $8.97. 59,086,458 shares were traded during mid-day trading, a decline of 43% from the average session volume of 103,798,086 shares. The stock had previously closed at $9.23.

Analysts Set New Price Targets

Several brokerages have commented on ONDS. Stifel Nicolaus raised their price objective on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Lake Street Capital increased their target price on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Needham & Company LLC lifted their price target on shares of Ondas from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Zacks Research lowered shares of Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Loop Capital set a $10.00 price objective on shares of Ondas in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Trading Down 2.8%

The business has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $7.80. The company has a market cap of $3.79 billion, a PE ratio of -22.43 and a beta of 2.46.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The business had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. Equities analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Insider Transactions at Ondas

In related news, CEO Eric A. Brock sold 475,000 shares of Ondas stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the transaction, the chief executive officer owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Randy Seidl sold 21,520 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $204,009.60. Following the completion of the sale, the director owned 212,470 shares of the company’s stock, valued at approximately $2,014,215.60. The trade was a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ondas

Institutional investors and hedge funds have recently bought and sold shares of the company. Hood River Capital Management LLC acquired a new stake in shares of Ondas during the 2nd quarter worth approximately $14,479,000. Vanguard Group Inc. grew its position in Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares during the period. AWM Investment Company Inc. acquired a new stake in Ondas during the second quarter worth $11,123,000. Two Sigma Investments LP increased its stake in Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in Ondas by 263.5% in the second quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock valued at $8,962,000 after purchasing an additional 3,383,629 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.