Ondas (NASDAQ:ONDS) Shares Down 5.7% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price traded down 5.7% on Thursday . The company traded as low as $6.55 and last traded at $6.65. Approximately 108,320,729 shares changed hands during trading, an increase of 31% from the average daily volume of 82,556,625 shares. The stock had previously closed at $7.05.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ONDS. Northland Securities upped their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Needham & Company LLC cut their target price on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ondas currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Stock Performance

The firm has a market cap of $3.46 billion, a P/E ratio of 163.25 and a beta of 2.69. The business’s 50-day simple moving average is $9.19 and its 200 day simple moving average is $10.04.

Insider Activity at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction 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 sale, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is owned by insiders.

Institutional Trading of Ondas

Several large investors have recently added to or reduced their stakes in ONDS. Heck Capital Advisors LLC bought a new stake in Ondas during the second quarter valued at approximately $90,000. Handelsbanken Fonder AB boosted its stake in shares of Ondas by 50.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 180,100 shares of the company’s stock worth $1,484,000 after acquiring an additional 60,000 shares during the last quarter. Steadtrust LLC boosted its stake in shares of Ondas by 10.3% during the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after acquiring an additional 2,000 shares during the last quarter. Focus Financial Network Inc. grew its position in shares of Ondas by 19.1% during the 2nd quarter. Focus Financial Network Inc. now owns 67,667 shares of the company’s stock valued at $558,000 after acquiring an additional 10,831 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Ondas in the 2nd quarter worth $440,000. 37.73% of the stock is currently owned by 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.