Ondas (NASDAQ:ONDS) Shares Down 5.1% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report)’s stock price traded down 5.1% during mid-day trading on Friday . The stock traded as low as $7.21 and last traded at $7.26. Approximately 66,144,886 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 81,580,484 shares. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

Several brokerages have commented on ONDS. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. 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 report on Thursday, March 26th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC lowered their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and an average price target of $16.75.

View Our Latest Report on ONDS

Ondas Stock Performance

The firm’s 50-day moving average is $9.47 and its 200 day moving average is $10.14. The firm has a market capitalization of $3.85 billion, a PE ratio of 181.50 and a beta of 2.69.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Ondas

A number of large investors have recently bought and sold shares of the stock. Van ECK Associates Corp purchased a new position in Ondas during the fourth quarter worth $71,202,000. Vanguard Group Inc. raised its holdings in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after acquiring an additional 5,351,725 shares during 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. Marshall Wace LLP purchased a new stake in shares of Ondas in the fourth quarter valued at $33,473,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Ondas by 9,274.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after acquiring an additional 3,429,398 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

About Ondas

(Get Free Report)

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.

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