Ondas (NASDAQ:ONDS) Stock Price Down 3.5% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) fell 3.5% during trading on Friday . The company traded as low as $9.62 and last traded at $10.08. 65,014,533 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 97,617,461 shares. The stock had previously closed at $10.45.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ONDS shares. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Oppenheimer boosted their target price on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Loop Capital set a $10.00 price target on Ondas in a report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Stock Down 3.6%

The company has a market cap of $4.26 billion, a price-to-earnings ratio of -25.18 and a beta of 2.46. The business has a fifty day simple moving average of $10.87 and a 200 day simple moving average of $8.34.

Insider Activity at Ondas

In related news, CFO Neil J. Laird sold 4,526 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $42,906.48. Following the sale, the chief financial officer owned 8,224 shares in the company, valued at $77,963.52. This represents a 35.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Randy Seidl sold 21,520 shares of Ondas stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $204,009.60. Following the transaction, the director directly owned 212,470 shares of the company’s stock, valued at approximately $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 556,605 shares of company stock valued at $5,385,865 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC purchased a new stake in shares of Ondas in the 4th quarter worth about $119,000. Beaird Harris Wealth Management LLC raised its position in Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after acquiring an additional 1,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ondas in the fourth quarter valued at about $2,262,000. Connective Capital Management LLC acquired a new stake in shares of Ondas in the fourth quarter valued at approximately $668,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Ondas during the 4th quarter worth approximately $14,763,000. Hedge funds and other institutional investors 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.