Ondas (NASDAQ:ONDS) Shares Down 3.2% – Should You Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded down 3.2% during trading on Tuesday . The company traded as low as $9.14 and last traded at $9.21. 51,227,739 shares traded hands during trading, a decline of 38% from the average session volume of 83,116,906 shares. The stock had previously closed at $9.51.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Northland Securities upped their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The company has a market cap of $4.68 billion, a price-to-earnings ratio of 230.50 and a beta of 2.60. The firm’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $10.17.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) 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 company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. On average, analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,395,745 shares of company stock worth $32,109,380 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ONDS. Van ECK Associates Corp acquired a new position in shares of Ondas in the fourth quarter valued at approximately $71,202,000. Vanguard Group Inc. raised its holdings in Ondas by 109.9% during the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after purchasing an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP raised its holdings 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 purchasing an additional 4,247,859 shares in the last quarter. Marshall Wace LLP purchased a new position in Ondas during the fourth quarter worth about $33,473,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Ondas by 9,274.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after purchasing an additional 3,429,398 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.