Ondas (NASDAQ:ONDS) CEO Sells $31,939,830.35 in Stock

Ondas Holdings Inc. (NASDAQ:ONDS) CEO Eric Brock sold 2,378,245 shares of Ondas stock in a transaction that occurred on 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 owned 3,583,010 shares in the company, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ondas Stock Up 3.1%

NASDAQ ONDS opened at $11.97 on Friday. Ondas Holdings Inc. has a twelve month low of $1.36 and a twelve month high of $15.28. The firm has a market capitalization of $6.04 billion, a PE ratio of 299.25 and a beta of 2.60. The stock’s 50 day moving average is $10.06 and its 200 day moving average is $10.05.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. On average, research analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Trending Headlines about Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas said it secured more than $30 million in new orders during May, reinforcing demand across its defense and autonomous systems businesses and supporting the case for multi-year growth. Article Title
• Positive Sentiment: The company also won a $4.8 million maritime ISR contract tied to SOUTHCOM, adding another near-term revenue catalyst and highlighting momentum in its defense-related pipeline. Article Title
• Positive Sentiment: Analysts also pointed to Ondas’ $4.3 billion active opportunity pipeline across more than 45 program submissions, which suggests significant long-term growth potential in autonomous defense markets. Article Title
• Positive Sentiment: News that Ondas landed a new Navy contract is adding to the bullish sentiment and keeping the stock in focus for defense investors. Article Title
• Neutral Sentiment: One article argues the recent drop may have made ONDS valuation more attractive, but it is mainly a valuation discussion rather than a new operating catalyst. Article Title
• Negative Sentiment: CEO Eric Brock sold 2.38 million shares, which can weigh on sentiment even though the company said the sale was tied to tax withholding on equity awards. Article Title

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ONDS shares. Needham & Company LLC restated a “buy” rating and set a $23.00 price target on shares of Ondas in a research report on Tuesday, May 19th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Trading of Ondas

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after acquiring an additional 2,063,998 shares during the last quarter. DNB Asset Management AS increased its position in Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after acquiring an additional 154,792 shares during the last quarter. Ghisallo Capital Management LLC purchased a new stake in Ondas during the third quarter valued at $7,720,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Ondas in the fourth quarter worth about $6,734,000. Finally, Vanguard Group Inc. increased 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 buying an additional 7,024,549 shares in the last quarter. 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.