Ondas (NASDAQ:ONDS) Shares Down 4.2% – Here’s What Happened

by · The Markets Daily

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report)’s stock price fell 4.2% during trading on Wednesday . The company traded as low as $6.75 and last traded at $7.05. Approximately 130,965,656 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 82,357,289 shares. The stock had previously closed at $7.36.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ONDS. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Needham & Company LLC reduced their target price on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Northland Securities raised their price target on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.75.

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Ondas Stock Performance

The company’s 50-day moving average is $9.33 and its 200-day moving average is $10.10. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 176.25 and a beta of 2.69.

Insider Buying and Selling at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the sale, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Ondas

Hedge funds and other institutional investors have recently modified their holdings of the stock. NFSG Corp raised its position in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC bought a new position in Ondas in the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its position in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Ondas in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Company Profile

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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.

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