Ondas (NASDAQ:ONDS) Stock Price Down 6.2% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report)’s stock price fell 6.2% during mid-day trading on Friday . The company traded as low as $9.73 and last traded at $10.0870. 86,249,917 shares were traded during mid-day trading, a decline of 13% from the average session volume of 99,117,852 shares. The stock had previously closed at $10.75.

Ondas News Summary

Here are the key news stories impacting Ondas this week:

Wall Street Analyst Weigh In

A number of research firms have recently commented on ONDS. Stifel Nicolaus lifted their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Loop Capital set a $10.00 price target on shares of Ondas in a research report on Wednesday, November 26th. Northland Securities set a $16.00 price objective on shares of Ondas in a report on Tuesday, January 20th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ondas currently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Read Our Latest Stock Analysis on ONDS

Ondas Price Performance

The company has a 50 day simple moving average of $10.83 and a 200-day simple moving average of $9.02. The stock has a market capitalization of $4.61 billion, a P/E ratio of -25.22 and a beta of 2.47.

Insiders Place Their Bets

In other Ondas news, Director Jaspreet K. Sood sold 29,698 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $281,537.04. Following the sale, the director directly owned 175,631 shares of the company’s stock, valued at $1,664,981.88. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 owned 1,461,255 shares of the company’s stock, valued at $14,188,786.05. This represents a 24.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 556,605 shares of company stock worth $5,385,865 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. DNB Asset Management AS boosted its holdings in shares of Ondas by 88.4% in the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock worth $2,547,000 after acquiring an additional 154,792 shares during the period. Ghisallo Capital Management LLC bought a new stake in shares of Ondas during the 3rd quarter valued at $7,720,000. Quadrature Capital Ltd bought a new stake in shares of Ondas during the 2nd quarter valued at $705,000. Sequoia Financial Advisors LLC purchased a new stake in Ondas during the 3rd quarter worth about $772,000. Finally, XTX Topco Ltd lifted its holdings in Ondas by 2,796.2% during the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock worth $1,639,000 after purchasing an additional 824,096 shares in the last quarter. 37.73% of the stock is owned by institutional investors.

Ondas Company Profile

(Get Free Report)

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.

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