Ondas (NASDAQ:ONDS) Stock Price Down 5.7% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares were down 5.7% during trading on Thursday . The stock traded as low as $6.55 and last traded at $6.65. 108,320,729 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 82,556,625 shares. The stock had previously closed at $7.05.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ONDS. Northland Securities boosted their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One 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. According to MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Stock Performance

The company has a 50 day simple moving average of $9.28 and a 200 day simple moving average of $10.08. The company has a market capitalization of $3.52 billion, a PE ratio of 166.25 and a beta of 2.69.

Insider Transactions at Ondas

In related news, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the transaction, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 over the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Hedge funds have recently modified their holdings of the business. NFSG Corp lifted its stake in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Ondas during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its stake in Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in Ondas in the 1st quarter valued at about $35,000. Finally, Avion Wealth raised its holdings in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares during the last quarter. 37.73% of the stock is currently 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.