Ondas (NASDAQ:ONDS) Stock Price Down 3.5% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares traded down 3.5% during mid-day trading on Wednesday . The company traded as low as $9.30 and last traded at $9.31. 40,953,124 shares changed hands during trading, a decline of 51% from the average session volume of 84,283,750 shares. The stock had previously closed at $9.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Glj Research set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Down 5.1%

The company has a fifty day moving average of $10.14 and a two-hundred day moving average of $10.16. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 233.25 and a beta of 2.60.

Ondas (NASDAQ:ONDS) last issued 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 negative return on equity of 14.17% and a net margin of 247.85%.The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Equities analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the sale, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Ondas during the 4th quarter worth $71,202,000. State Street Corp boosted its position in shares of Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after purchasing an additional 2,920,071 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ondas by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after purchasing an additional 774,862 shares in the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.