Ondas (NASDAQ:ONDS) Trading Down 5.8% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) traded down 5.8% during trading on Thursday . The stock traded as low as $8.17 and last traded at $8.38. 68,037,906 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 85,259,375 shares. The stock had previously closed at $8.90.

Analyst Ratings Changes

A number of research firms have weighed in on ONDS. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. LADENBURG THALM/SH SH upped their price target on shares of Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Ondas in a research note on Friday, August 14th. Oppenheimer increased their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Trading Down 5.8%

The firm has a market capitalization of $4.78 billion, a P/E ratio of -119.71 and a beta of 2.72. The firm has a 50 day moving average price of $8.22 and a 200-day moving average price of $9.45.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. Research analysts anticipate that Ondas Holdings Inc. will post -0.33 earnings per share for the current year.

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after buying an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp purchased a new position in Ondas during the 4th quarter valued at $71,202,000. State Street Corp boosted its holdings in Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP grew its position in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Ondas by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after acquiring an additional 774,862 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.