Ondas (NASDAQ:ONDS) Stock Price Down 3% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 3% on Monday . The stock traded as low as $7.65 and last traded at $7.66. 28,735,763 shares were traded during trading, a decline of 66% from the average session volume of 84,013,258 shares. The stock had previously closed at $7.90.

Analyst Ratings Changes

ONDS has been the topic of several research analyst reports. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. LADENBURG THALM/SH SH lifted their target price on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research report on Monday, August 17th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Oppenheimer boosted their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Roth Capital reissued a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Price Performance

The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -100.57 and a beta of 2.74. The business’s 50 day simple moving average is $8.03 and its 200 day simple moving average is $9.33.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS 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%. As a group, analysts expect that Ondas Holdings Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity

In related news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total value of $67,200.00. Following the sale, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. The trade was a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is owned by company insiders.

Institutional Trading of Ondas

Several large investors have recently modified their holdings of ONDS. Van ECK Associates Corp acquired a new position in shares of Ondas during the 4th quarter worth approximately $71,202,000. Vanguard Group Inc. increased its position in Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Ondas by 956.8% in the second quarter. California State Teachers Retirement System now owns 4,229,081 shares of the company’s stock valued at $34,848,000 after acquiring an additional 3,828,903 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Ondas during the fourth quarter valued at $33,473,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.