Ondas (NASDAQ:ONDS) Shares Down 8.3% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 8.3% during mid-day trading on Monday . The stock traded as low as $10.95 and last traded at $11.16. 79,035,084 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 116,749,125 shares. The stock had previously closed at $12.17.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Loop Capital set a $10.00 price target on shares of Ondas in a research report on Wednesday, November 26th. Needham & Company LLC increased their price objective on shares of Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Stifel Nicolaus boosted their target price on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. HC Wainwright raised their price target on Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Lake Street Capital lifted their price objective on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.29.

Ondas Price Performance

The business’s 50-day moving average is $9.80 and its two-hundred day moving average is $7.08.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The business had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Activity at Ondas

In other Ondas news, Director Richard M. Cohen sold 25,861 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the transaction, the director directly owned 197,746 shares in the company, valued at $1,874,632.08. This represents a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Neil J. Laird sold 4,526 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $42,906.48. Following the sale, the chief financial officer owned 8,224 shares of the company’s stock, valued at approximately $77,963.52. The trade was a 35.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,406,605 shares of company stock valued at $12,109,365 over the last three months. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Ondas by 444.4% during the first 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 during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Ondas during the 2nd quarter valued at about $151,000. Trivium Point Advisory LLC bought a new position in Ondas in the 2nd quarter worth about $38,000. NTV Asset Management LLC bought a new position in Ondas in the 2nd quarter worth about $144,000. Finally, Penbrook Management LLC acquired a new position in shares of Ondas during the second quarter worth approximately $35,000. 37.73% of the stock is currently owned by 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.