Ondas (NASDAQ:ONDS) Trading Down 9.7% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price dropped 9.7% during trading on Friday . The company traded as low as $7.87 and last traded at $7.90. 69,392,897 shares were traded during mid-day trading, a decline of 18% from the average session volume of 84,344,695 shares. The stock had previously closed at $8.75.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Oppenheimer upped their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of Ondas in a research report on Friday, August 14th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Roth Capital reissued a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and a consensus price target of $17.18.

Ondas Stock Down 9.7%

The firm has a market cap of $4.51 billion, a PE ratio of -112.86 and a beta of 2.72. The company’s fifty day moving average price is $8.08 and its two-hundred day moving average price is $9.37.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The firm had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. As a group, analysts predict that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

Insider Activity at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This trade represents 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. Insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ONDS. Beaird Harris Wealth Management LLC increased its holdings in Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming boosted its stake in shares of Ondas by 31.5% during the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after acquiring an additional 1,631 shares in the last quarter. NFSG Corp boosted its stake in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares in the last quarter. Steadtrust LLC grew its holdings in shares of Ondas by 10.3% in 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 period. Finally, IFP Advisors Inc grew its holdings in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the period. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

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.