Ondas (NASDAQ:ONDS) Stock Price Down 3.5% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) was down 3.5% during mid-day trading on Wednesday . The stock traded as low as $9.30 and last traded at $9.31. Approximately 40,953,124 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 84,283,750 shares. The stock had previously closed at $9.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ONDS shares. Weiss Ratings raised shares of Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Needham & Company LLC reissued a “buy” rating and set a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. Finally, Glj Research set a $17.00 price objective on shares of Ondas in a 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Down 3.5%

The business’s 50-day moving average price is $10.10 and its 200 day moving average price is $10.12. The company has a market capitalization of $4.73 billion, a P/E ratio of 232.75 and a beta of 2.60.

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

Insider Transactions at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the business’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 value of $31,939,830.35. Following the completion of the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the sale, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Ondas by 3,558,617.2% in the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after buying an additional 2,063,998 shares during the period. DNB Asset Management AS increased its position in Ondas by 88.4% during the 3rd quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after purchasing an additional 154,792 shares during the period. Ghisallo Capital Management LLC purchased a new position in Ondas during the 3rd quarter valued at $7,720,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Ondas during the 4th quarter valued at $6,734,000. Finally, Vanguard Group Inc. increased its position in Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after purchasing an additional 7,024,549 shares during the period. 37.73% of the stock is owned by hedge funds and other 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.