Ondas (NASDAQ:ONDS) Trading Down 1.6% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was down 1.6% on Friday . The company traded as low as $10.05 and last traded at $10.16. Approximately 72,755,027 shares changed hands during trading, a decline of 28% from the average daily volume of 100,424,625 shares. The stock had previously closed at $10.33.

Analysts Set New Price Targets

ONDS has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Lake Street Capital increased their price target on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Loop Capital set a $10.00 price objective on Ondas in a report on Wednesday, November 26th. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a research report on Tuesday. Finally, LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Ondas Trading Down 1.6%

The firm has a 50 day moving average price of $11.06 and a 200 day moving average price of $8.84. The stock has a market capitalization of $4.57 billion, a PE ratio of -25.40 and a beta of 2.47.

Insider Buying and Selling at Ondas

In related news, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the transaction, the chief executive officer directly owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard M. Cohen sold 25,861 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the sale, the director directly owned 197,746 shares of the company’s stock, valued at $1,874,632.08. This represents a 11.57% 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 556,605 shares of company stock valued at $5,385,865 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ondas

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Ondas by 9,274.9% in 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. DGS Capital Management LLC purchased a new position in shares of Ondas during the 4th quarter valued at $119,000. Beaird Harris Wealth Management LLC lifted its stake in shares of Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after buying an additional 1,000 shares in the last quarter. Virtu Financial LLC bought a new position in Ondas in the 4th quarter worth $2,262,000. Finally, Connective Capital Management LLC bought a new position in Ondas in the 4th quarter worth $668,000. 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.