Ondas (NASDAQ:ONDS) Trading Down 5.1% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price traded down 5.1% on Friday . The stock traded as low as $9.18 and last traded at $9.33. 54,218,545 shares changed hands during trading, a decline of 35% from the average session volume of 83,674,539 shares. The stock had previously closed at $9.83.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of recent research reports. Northland Securities lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of Ondas in a report on Tuesday, May 19th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The firm has a fifty day moving average of $10.14 and a 200 day moving average of $10.16. The firm has a market capitalization of $4.74 billion, a PE ratio of 233.25 and a beta of 2.60.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 14.17% and a net margin of 247.85%. Research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction on Tuesday, June 2nd. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last quarter. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently made changes to their positions in ONDS. Goldman Sachs Group Inc. lifted its holdings in Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after buying an additional 91,732 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ondas by 57.4% during the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after acquiring an additional 490,239 shares during the period. NewEdge Advisors LLC bought a new position in shares of Ondas during the second quarter worth about $152,000. Sei Investments Co. acquired a new stake in shares of Ondas in the 2nd quarter worth about $3,086,000. Finally, HRT Financial LP acquired a new stake in shares of Ondas in the 2nd quarter worth about $2,244,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.