Ondas (NASDAQ:ONDS) Trading Down 1.3% After Insider Selling

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price was down 1.3% during trading on Friday following insider selling activity. The company traded as low as $9.06 and last traded at $9.06. Approximately 58,124,212 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 83,171,055 shares. The stock had previously closed at $9.18.

Specifically, 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 transaction of $71,250.00. Following the completion of the transaction, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ONDS shares. Glj Research set a $17.00 target price on Ondas in a research note on Tuesday, March 10th. Zacks Research downgraded Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Northland Securities increased their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, Wall Street Zen raised Ondas from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Trading Down 1.3%

The stock has a market capitalization of $4.49 billion, a PE ratio of 226.50 and a beta of 2.56. The firm has a 50 day moving average of $9.86 and a two-hundred day moving average of $9.66.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Equities research analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Ondas

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Ondas by 3,558,617.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after purchasing an additional 2,063,998 shares in the last quarter. DNB Asset Management AS grew its holdings in Ondas by 88.4% during the 3rd quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after buying an additional 154,792 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in Ondas during the 3rd quarter valued at $7,720,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Ondas during the 4th quarter valued at $6,734,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Ondas during the 3rd quarter valued at $772,000. 37.73% of the stock is 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.