Ondas (NASDAQ:ONDS) Shares Down 8.4% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) was down 8.4% during trading on Thursday . The stock traded as low as $9.27 and last traded at $9.44. Approximately 71,595,231 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 98,494,875 shares. The stock had previously closed at $10.31.

Key Ondas News

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Multiple analysts raised targets and kept buy/outperform ratings — Maxim lifted its target to $22 and Northland moved to $18 (both above the current price), signaling sizable upside expectations. Analysts set Ondas stock price target Price target raise (Benzinga)
• Positive Sentiment: Robust Q4 and aggressive FY2026 guidance — revenue grew sharply (reported +629% y/y to ~$30M), backlog surged, and management guided to ~$39M for Q1 and ~$375M for FY2026, which materially exceeds consensus. This is the primary fundamental bullish driver. Q4 highlights (Yahoo) Earnings presentation (Seeking Alpha)
• Positive Sentiment: M&A and partnerships add addressable market — Ondas announced a definitive agreement to acquire World View Enterprises (adds high‑altitude surveillance capability) and is integrating Palantir tech into its systems, supporting government contract wins and recurring service revenue. World View acquisition (InsiderMonkey) MarketBeat note on partnerships/M&A
• Positive Sentiment: Stronger balance sheet — a large capital raise (~$1.5B cited in coverage) leaves Ondas well‑capitalized with a multi‑year runway, reducing near‑term dilution risk absent further acquisitive moves. Balance sheet discussion (MarketBeat)
• Neutral Sentiment: Full earnings call and transcripts available for detail — useful for digging into unit economics, backlog composition, and contract cadence. Earnings call transcript (InsiderMonkey) Earnings transcript (Seeking Alpha)
• Negative Sentiment: Widening operating losses for now — operating expenses rose materially as Ondas scales and pursues acquisitions, which increased losses in the quarter even though management frames them as investment‑driven. Expenses commentary (Yahoo)
• Negative Sentiment: High short interest and volatile trading dynamics — coverage notes short interest as a meaningful headwind that can cap near‑term upside and amplify volatility; heavy intraday volume suggests short‑term selling pressure. Short interest & market commentary (MarketBeat)

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ONDS shares. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Loop Capital set a $10.00 target price on shares of Ondas in a report on Wednesday, November 26th. Stifel Nicolaus raised their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, HC Wainwright set a $17.00 price target on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Down 8.4%

The firm’s fifty day moving average is $10.65 and its two-hundred day moving average is $9.13. The firm has a market cap of $4.32 billion, a P/E ratio of -14.09 and a beta of 2.47.

Insider Buying and Selling at Ondas

In other news, CEO Eric A. Brock sold 475,000 shares of Ondas stock in a transaction dated 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 of the company’s stock, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after acquiring an additional 91,732 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after acquiring an additional 490,239 shares in the last quarter. DNB Asset Management AS raised its position in shares of Ondas by 48.9% in the 2nd quarter. DNB Asset Management AS now owns 175,162 shares of the company’s stock worth $336,000 after acquiring an additional 57,545 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Ondas by 2,796.2% in the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock valued at $1,639,000 after purchasing an additional 824,096 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Ondas in the 2nd quarter valued at approximately $705,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.