Ondas (NASDAQ:ONDS) Trading Down 7.8% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) were down 7.8% on Friday . The company traded as low as $11.95 and last traded at $12.2110. Approximately 35,325,925 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 84,208,820 shares. The stock had previously closed at $13.25.

Key Ondas News

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas said it secured over $30 million in new orders in May, bringing Q2-to-date orders above $110 million and signaling strong demand across its defense, security, and autonomous technology platform. Ondas Secures Over $30 Million in New Orders in May, Bringing Q2-to-Date Orders to $110+ Million Across Its Defense, Security and Autonomous Technology Platform
• Positive Sentiment: Drone stocks, including ONDS, surged after reports that the Trump administration is considering funding domestic drone manufacturers, which could be a major tailwind for the sector. Stock Market Today, May 28: Ondas Surges As Trump Administration Considers Funding Deals With Drone Stocks
• Positive Sentiment: Oppenheimer reaffirmed its “buy” rating on Ondas, helping extend the stock’s rally as investors responded to the bullish analyst support. Ondas Inc (ONDS) Soars 22.7% as Oppenheimer Issues ‘Buy’ Call Anew
• Neutral Sentiment: Options activity in ONDS spiked unusually high, with heavy call buying, suggesting traders are positioning for further upside but not providing a direct business catalyst.
• Neutral Sentiment: Several articles highlighted Ondas as a defense-drone theme stock and a potential beneficiary of accelerated drone adoption trends, reinforcing the bullish narrative rather than adding new company-specific news. 3 Drone Tech Stocks to Watch Amid Accelerated Adoption Trends

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ONDS shares. 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. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings raised Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday. Glj Research set a $17.00 price target on Ondas in a research note on Tuesday, March 10th. Finally, LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Down 5.2%

The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 307.45 and a beta of 2.56. The company has a 50 day moving average of $9.85 and a 200 day moving average of $9.82.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results 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). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Equities analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated 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 owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction dated 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 sale, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Ondas by 39.9% in the 4th 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 in the last quarter. Van ECK Associates Corp bought a new position in shares of Ondas in the 4th quarter valued at about $71,202,000. State Street Corp grew its holdings in shares of Ondas by 130.2% in the 4th 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 in the last quarter. Two Sigma Investments LP grew its holdings in shares of Ondas by 1,325.9% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ondas by 22.3% in the 4th 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 in the last quarter. Institutional investors 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.