Ondas (NASDAQ:ONDS) Trading Down 1.6% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price fell 1.6% during mid-day trading on Friday . The stock traded as low as $10.05 and last traded at $10.16. 72,755,027 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 100,424,625 shares. The stock had previously closed at $10.33.

Analyst Ratings Changes

A number of brokerages have weighed in on ONDS. Loop Capital set a $10.00 target price on Ondas in a research report on Wednesday, November 26th. Stifel Nicolaus raised their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Oppenheimer raised their price target on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Zacks Research lowered shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Glj Research set a $17.00 price objective on shares of Ondas in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ondas currently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Ondas Price Performance

The business has a 50-day moving average of $11.08 and a two-hundred day moving average of $8.78. The company has a market cap of $4.29 billion, a P/E ratio of -25.40 and a beta of 2.47.

Insiders Place Their Bets

In related news, Director Randy Seidl sold 21,520 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the sale, the director owned 212,470 shares of the company’s stock, valued at $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the sale, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 556,605 shares of company stock worth $5,385,865. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of Ondas by 444.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after purchasing an additional 91,732 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Ondas by 154.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after purchasing an additional 9,904 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ondas by 57.4% in the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after buying an additional 490,239 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Ondas by 48.9% in the second quarter. DNB Asset Management AS now owns 175,162 shares of the company’s stock worth $336,000 after buying an additional 57,545 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Ondas by 2,796.2% during the second quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock worth $1,639,000 after buying an additional 824,096 shares during the period. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Company Profile

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.