Ondas (NASDAQ:ONDS) Shares Down 12.9% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price fell 12.9% during trading on Friday . The company traded as low as $10.33 and last traded at $10.43. 63,205,110 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 85,238,391 shares. The stock had previously closed at $11.97.

Analysts Set New Price Targets

A number of research firms have recently commented on ONDS. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Glj Research set a $17.00 price objective on shares of Ondas in a research note on Tuesday, March 10th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Northland Securities upped their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Down 12.9%

The stock has a market capitalization of $5.29 billion, a PE ratio of 260.75 and a beta of 2.60. The firm has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.06.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at Ondas

In related news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated 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 $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in shares of Ondas during the first quarter valued at about $28,000. Bank of America Corp DE lifted its position in shares of Ondas by 1,443.9% during the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after purchasing an additional 1,313,823 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Ondas by 16.8% during the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after purchasing an additional 26,500 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Ondas during the first quarter valued at about $5,000,000. Finally, Arkadios Wealth Advisors lifted its position in shares of Ondas by 37.3% during the first quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock valued at $460,000 after purchasing an additional 13,821 shares in the last quarter. 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.