Ondas (NASDAQ:ONDS) Shares Down 3.9% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 3.9% during mid-day trading on Wednesday . The stock traded as low as $7.85 and last traded at $7.92. 87,498,921 shares were traded during trading, an increase of 7% from the average session volume of 82,037,375 shares. The stock had previously closed at $8.24.

Analysts Set New Price Targets

A number of research firms recently issued reports on ONDS. Northland Securities upped their price target 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. 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 report on Tuesday, March 10th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The company’s fifty day moving average price is $9.91 and its 200-day moving average price is $10.17. The stock has a market cap of $4.15 billion, a P/E ratio of 198.00 and a beta of 2.60.

Insider Buying and Selling

In other news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ondas

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in Ondas in the first quarter worth $126,000. Militia Capital Management LLC bought a new position in shares of Ondas in the first quarter worth about $212,000. Western Wealth Management LLC bought a new position in shares of Ondas in the first quarter worth about $28,000. Bank of America Corp DE increased its stake in Ondas by 1,443.9% in the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after buying an additional 1,313,823 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Ondas by 16.8% in the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock worth $1,659,000 after buying an additional 26,500 shares during the period. Institutional investors 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.