Ondas (NASDAQ:ONDS) Shares Down 4% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 4% on Wednesday . The company traded as low as $10.82 and last traded at $10.83. Approximately 78,738,389 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 99,882,547 shares. The stock had previously closed at $11.28.

Wall Street Analyst Weigh In

ONDS has been the topic of several recent research reports. Stifel Nicolaus boosted their price objective 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. Oppenheimer lifted their target price on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Northland Securities set a $16.00 price objective on shares of Ondas in a research note on Tuesday, January 20th. Finally, Loop Capital set a $10.00 price objective on Ondas in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

Ondas Stock Performance

The business has a 50-day moving average of $10.99 and a 200 day moving average of $8.94. The stock has a market cap of $4.88 billion, a PE ratio of -27.08 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 firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the sale, the chief executive officer owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randy Seidl sold 21,520 shares of Ondas 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 $204,009.60. Following the completion of the sale, the director directly owned 212,470 shares of the company’s stock, valued at $2,014,215.60. The trade was a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 556,605 shares of company stock valued at $5,385,865. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several hedge funds have recently made changes to their positions in the business. Avion Wealth lifted its position in Ondas by 100.0% during the fourth 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. IFP Advisors Inc grew its holdings in 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. Steward Partners Investment Advisory LLC increased its stake in shares of Ondas by 1,005.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after acquiring an additional 4,000 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after acquiring an additional 3,063 shares during the period. Finally, American Capital Advisory LLC lifted its holdings in shares of Ondas by 4,600.0% during the 4th quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after acquiring an additional 4,600 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.