Ondas (NASDAQ:ONDS) Trading Down 6.1% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares dropped 6.1% during mid-day trading on Tuesday . The company traded as low as $9.76 and last traded at $10.02. Approximately 99,611,292 shares changed hands during trading, a decline of 0% from the average daily volume of 99,741,719 shares. The stock had previously closed at $10.67.

Wall Street Analysts Forecast Growth

ONDS has been the subject of several recent analyst reports. Loop Capital set a $10.00 target price on Ondas in a research note on Wednesday, November 26th. Stifel Nicolaus increased their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Oppenheimer raised their price objective on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, HC Wainwright increased their target price on Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.29.

Ondas Trading Down 0.2%

The company has a 50-day moving average of $10.97 and a 200-day moving average of $8.56. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -26.23 and a beta of 2.47.

Insider Activity at Ondas

In related news, Director Jaspreet K. Sood sold 29,698 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $281,537.04. Following the sale, the director owned 175,631 shares in the company, valued at $1,664,981.88. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated 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 $14,188,786.05. This represents a 24.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 556,605 shares of company stock valued at $5,385,865 in the last ninety days. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Ondas

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its stake in Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after buying an additional 3,429,398 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Ondas in the 4th quarter worth approximately $119,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 1,000 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Ondas during the fourth quarter valued at approximately $2,262,000. Finally, Connective Capital Management LLC acquired a new position in shares of Ondas during the fourth quarter valued at approximately $668,000. 37.73% of the stock is owned by institutional investors.

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.