Ondas (NASDAQ:ONDS) Stock Price Down 1.8% – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded down 1.8% during mid-day trading on Friday . The company traded as low as $6.22 and last traded at $6.53. 214,083,995 shares were traded during trading, an increase of 156% from the average daily volume of 83,538,336 shares. The stock had previously closed at $6.65.

Wall Street Analyst Weigh In

ONDS has been the subject of a number of analyst reports. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Northland Securities boosted their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Ondas Price Performance

The company has a fifty day moving average price of $9.19 and a 200 day moving average price of $10.04. The company has a market cap of $3.46 billion, a PE ratio of 163.25 and a beta of 2.69.

Insiders Place Their Bets

In other news, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,395,745 shares of company stock valued at $32,109,380 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Ondas during the 2nd quarter valued at about $90,000. Handelsbanken Fonder AB lifted its position in Ondas by 50.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 180,100 shares of the company’s stock worth $1,484,000 after buying an additional 60,000 shares during the last quarter. Steadtrust LLC lifted its position in Ondas by 10.3% in the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after buying an additional 2,000 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Ondas by 19.1% in the second quarter. Focus Financial Network Inc. now owns 67,667 shares of the company’s stock worth $558,000 after buying an additional 10,831 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Ondas in the second quarter worth approximately $440,000. Institutional investors 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.