Ondas (NASDAQ:ONDS) Trading Down 10% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares traded down 10% on Wednesday . The stock traded as low as $7.64 and last traded at $7.68. 72,825,225 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 82,113,227 shares. The stock had previously closed at $8.53.

Analyst Upgrades and Downgrades

ONDS has been the subject of a number of recent analyst reports. Glj Research set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. HC Wainwright set a $17.00 price target on Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Northland Securities lifted their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The stock’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $10.19. The company has a market capitalization of $4.10 billion, a P/E ratio of 197.92 and a beta of 2.60.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. As a group, equities research analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In other news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new stake in shares of Ondas during the 1st quarter worth approximately $126,000. Militia Capital Management LLC acquired a new position in Ondas in the first quarter valued at approximately $212,000. Western Wealth Management LLC bought a new position in Ondas in the first quarter valued at approximately $28,000. Bank of America Corp DE grew its holdings in Ondas by 1,443.9% during the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after acquiring an additional 1,313,823 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Ondas by 16.8% during the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock worth $1,659,000 after acquiring an additional 26,500 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.