Ondas (NASDAQ:ONDS) Stock Price Down 13.4% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 13.4% on Wednesday . The company traded as low as $6.77 and last traded at $6.8040. Approximately 55,254,442 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 85,982,156 shares. The stock had previously closed at $7.86.

Analyst Ratings Changes

A number of brokerages have issued reports on ONDS. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Needham & Company LLC cut their price target on shares of Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Ondas Trading Down 2.6%

The company has a 50 day moving average price of $8.83 and a 200 day moving average price of $9.80. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 186.27 and a beta of 2.69.

Insider Activity at Ondas

In other Ondas 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 transaction of $31,939,830.35. Following the completion of the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the transaction, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,395,745 shares of company stock worth $32,109,380 over the last 90 days. Insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently modified their holdings of ONDS. Beaird Harris Wealth Management LLC increased its holdings in Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares during the last quarter. State of Wyoming boosted its holdings in Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after buying an additional 1,631 shares during the last quarter. Avion Wealth grew 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. NFSG Corp grew its position in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares during the period. Finally, Steadtrust LLC grew its position in shares of Ondas by 10.3% during the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds 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.