Ondas (NASDAQ:ONDS) Trading Down 6.3% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 6.3% during trading on Friday . The company traded as low as $9.76 and last traded at $9.83. Approximately 158,962,512 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 100,751,500 shares. The stock had previously closed at $10.49.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ONDS. Needham & Company LLC upped their price target on shares of Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Stifel Nicolaus raised their price target on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Northland Securities set a $16.00 price objective on Ondas in a research report on Tuesday, January 20th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Zacks Research cut Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. One 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. Based on data from MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average target price of $17.29.

Ondas Stock Performance

The firm has a market cap of $4.15 billion, a P/E ratio of -24.58 and a beta of 2.47. The business’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $8.57.

Insider Activity

In other Ondas news, Director Randy Seidl sold 21,520 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the sale, the director directly owned 212,470 shares of the company’s stock, valued at approximately $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 1,461,255 shares in the company, valued at $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 556,605 shares of company stock worth $5,385,865. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake in shares of Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after acquiring an additional 9,904 shares during the period. IFP Advisors Inc lifted its holdings in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. Avion Wealth grew its holdings in 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 buying an additional 2,000 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after buying an additional 3,063 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Ondas by 1,005.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after buying an additional 4,000 shares during the last quarter. 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.