Ondas (NASDAQ:ONDS) Shares Down 11.9% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 11.9% during mid-day trading on Friday . The company traded as low as $9.95 and last traded at $10.03. 110,914,246 shares were traded during mid-day trading, an increase of 9% from the average session volume of 101,980,555 shares. The stock had previously closed at $11.39.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ONDS shares. Lake Street Capital lifted their price target on shares of Ondas from $10.00 to $19.00 and gave the company 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 stock a “buy” rating in a research report on Wednesday, January 21st. Zacks Research cut Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Needham & Company LLC lifted their price target on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Oppenheimer increased their price objective on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ondas has an average rating of “Moderate Buy” and an average price target of $17.29.

Ondas Stock Performance

The business has a 50-day moving average of $10.64 and a 200 day moving average of $8.10. The stock has a market cap of $4.24 billion, a PE ratio of -25.08 and a beta of 2.46.

Insiders Place Their Bets

In related news, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the transaction, the chief executive officer directly owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaspreet K. Sood sold 29,698 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $281,537.04. Following the completion of the sale, the director directly owned 175,631 shares in the company, valued at approximately $1,664,981.88. The trade was a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently bought and sold shares of the business. Avion Wealth lifted its holdings in shares of Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the period. Global Retirement Partners LLC grew its position in Ondas by 30.0% in the fourth quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock valued at $127,000 after acquiring an additional 3,000 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of Ondas by 228.6% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Ondas by 10.3% during the 4th quarter. Wells Fargo & Company MN now owns 36,052 shares of the company’s stock worth $352,000 after buying an additional 3,352 shares during the period. 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.