Ondas (NASDAQ:ONDS) Trading Down 1.6% – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 1.6% on Friday . The company traded as low as $7.48 and last traded at $7.80. Approximately 100,925,280 shares traded hands during trading, an increase of 17% from the average daily volume of 86,482,961 shares. The stock had previously closed at $7.93.

Analyst Ratings Changes

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

Ondas Stock Performance

The company’s 50-day moving average price is $9.02 and its 200-day moving average price is $9.99. The firm has a market capitalization of $4.13 billion, a PE ratio of 195.00 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 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 transaction, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction on 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. Insiders own 1.67% of the company’s stock.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Ondas by 3,558,617.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Ondas during the fourth quarter worth about $6,734,000. CI Investments Inc. acquired a new stake in shares of Ondas during the first quarter worth about $4,255,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Ondas during the fourth quarter worth about $1,052,000. Finally, Legal & General Group Plc acquired a new position in Ondas in the 4th quarter valued at about $14,215,000. 37.73% of the stock is owned by hedge funds and other institutional investors.

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.