Ondas (NASDAQ:ONDS) Trading Down 1.8% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 1.8% on Friday . The stock traded as low as $6.22 and last traded at $6.53. 214,083,995 shares were traded during mid-day trading, an increase of 156% from the average session volume of 83,538,336 shares. The stock had previously closed at $6.65.

Analyst Upgrades and Downgrades

ONDS has been the topic of several analyst reports. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Needham & Company LLC decreased their price objective on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Northland Securities boosted their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. One 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 stock. According to MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Stock Performance

The business’s 50 day moving average is $9.24 and its 200 day moving average is $10.07. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 163.25 and a beta of 2.69.

Insiders Place Their Bets

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, 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 quarter, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Ondas during the 2nd quarter valued at about $90,000. Handelsbanken Fonder AB raised its stake in shares of Ondas by 50.0% in the second quarter. Handelsbanken Fonder AB now owns 180,100 shares of the company’s stock worth $1,484,000 after purchasing an additional 60,000 shares during the last quarter. Steadtrust LLC raised its stake in shares of Ondas by 10.3% in the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Ondas by 19.1% during the second quarter. Focus Financial Network Inc. now owns 67,667 shares of the company’s stock worth $558,000 after purchasing an additional 10,831 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Ondas during the second quarter worth about $440,000. 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.