Ondas (NASDAQ:ONDS) Stock Price Down 1.2% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price fell 1.2% during trading on Monday . The stock traded as low as $10.25 and last traded at $10.30. 39,066,356 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 84,821,336 shares. The stock had previously closed at $10.43.

Analyst Upgrades and Downgrades

Several brokerages have commented on ONDS. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price target on shares of Ondas in a research note on Tuesday, May 19th. Glj Research set a $17.00 price target on shares of Ondas in a research note on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Northland Securities increased their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Down 1.2%

The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 257.50 and a beta of 2.60. The company has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $10.08.

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 the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. On average, equities analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard M. Cohen sold 7,500 shares of the 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 directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the period. Van ECK Associates Corp acquired a new stake in Ondas in the fourth quarter valued at $71,202,000. State Street Corp lifted its holdings in Ondas by 130.2% in the fourth 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 lifted its holdings in Ondas by 1,325.9% in the third 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 period. Finally, Geode Capital Management LLC lifted its holdings in Ondas by 22.3% in the fourth 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 period. Institutional investors and hedge funds 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.