Ondas (NASDAQ:ONDS) Trading Down 4.1% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price was down 4.1% during trading on Monday . The stock traded as low as $8.78 and last traded at $8.89. Approximately 57,562,709 shares were traded during mid-day trading, a decline of 30% from the average session volume of 82,505,820 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

ONDS has been the topic of a number of recent analyst reports. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. HC Wainwright set a $17.00 price objective on Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Ondas in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Down 4.1%

The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 222.25 and a beta of 2.60. The stock’s fifty day simple moving average is $10.12 and its 200-day simple moving average is $10.21.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. On average, analysts anticipate that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the transaction, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC purchased a new position in shares of Ondas in the 1st quarter valued at approximately $126,000. Militia Capital Management LLC acquired a new stake in Ondas in the first quarter valued at $212,000. Western Wealth Management LLC purchased a new stake in Ondas during the first quarter worth about $28,000. Bank of America Corp DE boosted its stake in shares of Ondas by 1,443.9% during the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after acquiring an additional 1,313,823 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Ondas by 16.8% in the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after purchasing an additional 26,500 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.