Ondas (NASDAQ:ONDS) Trading Down 6.2% – Here’s Why

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded down 6.2% during trading on Friday . The company traded as low as $9.73 and last traded at $10.0870. 86,249,917 shares traded hands during trading, a decline of 13% from the average session volume of 99,117,852 shares. The stock had previously closed at $10.75.

Analysts Set New Price Targets

Several research firms have recently weighed in on ONDS. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Stifel Nicolaus upped their target price on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Finally, Oppenheimer boosted their price objective on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Ondas Stock Down 6.2%

The business has a 50-day moving average price of $10.90 and a 200-day moving average price of $8.97. The firm has a market capitalization of $4.61 billion, a P/E ratio of -25.22 and a beta of 2.47.

Insider Activity

In other news, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the transaction, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Randy Seidl sold 21,520 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the sale, the director directly owned 212,470 shares in the company, valued at approximately $2,014,215.60. The trade was a 9.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 556,605 shares of company stock valued at $5,385,865. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

A number of institutional investors have recently added to or reduced their stakes in ONDS. IFP Advisors Inc grew its stake in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the period. Avion Wealth lifted its position in shares of Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in shares of Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after buying an additional 3,063 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Ondas by 1,005.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after buying an additional 4,000 shares in the last quarter. Finally, American Capital Advisory LLC grew its position in Ondas by 4,600.0% in the fourth quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock valued at $46,000 after acquiring an additional 4,600 shares during the period. 37.73% of the stock is 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.