Ondas (NASDAQ:ONDS) Trading Down 1.3% After Insider Selling

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 1.3% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $9.06 and last traded at $9.06. Approximately 58,124,212 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 83,171,055 shares. The stock had previously closed at $9.18.

Specifically, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director directly owned 264,853 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

ONDS has been the subject of a number of research analyst reports. Wall Street Zen raised Ondas from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research cut Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Glj Research set a $17.00 target price on Ondas in a research report on Tuesday, March 10th. HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Ondas currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Down 1.3%

The company has a 50 day simple moving average of $9.86 and a 200 day simple moving average of $9.66. The stock has a market capitalization of $4.49 billion, a PE ratio of 226.50 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last posted 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). The company had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. On average, equities research analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Institutional Trading of Ondas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new stake in Ondas during the 1st quarter valued at approximately $28,000. Bank of America Corp DE raised its stake in shares of Ondas by 1,443.9% during the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after buying an additional 1,313,823 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Ondas by 16.8% during the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock worth $1,659,000 after buying an additional 26,500 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Ondas during the 1st quarter worth approximately $5,000,000. Finally, Arkadios Wealth Advisors raised its stake in shares of Ondas by 37.3% during the 1st quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock worth $460,000 after buying an additional 13,821 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.