Ondas (NASDAQ:ONDS) Shares Down 5.4% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares dropped 5.4% during mid-day trading on Monday . The company traded as low as $8.19 and last traded at $8.24. Approximately 45,704,277 shares were traded during trading, a decline of 46% from the average session volume of 84,852,125 shares. The stock had previously closed at $8.71.

Analysts Set New Price Targets

Several brokerages have recently commented on ONDS. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of Ondas in a research note on Friday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ondas presently has an average rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Price Performance

The firm has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $9.42. The firm has a market capitalization of $4.70 billion, a P/E ratio of -117.71 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The firm had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $67.97 million. On average, research analysts anticipate that Ondas Holdings Inc. will post -0.33 EPS for the current year.

Insider Transactions at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the transaction, the director owned 261,836 shares of the company’s stock, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. The trade was 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. Corporate insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently added to or reduced their stakes in ONDS. Van ECK Associates Corp bought a new position in shares of Ondas in the 4th quarter worth $71,202,000. Vanguard Group Inc. grew its position in Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after acquiring an additional 5,351,725 shares in the last quarter. Two Sigma Investments LP grew its position in Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares in the last quarter. California State Teachers Retirement System increased its stake in Ondas by 956.8% in the second quarter. California State Teachers Retirement System now owns 4,229,081 shares of the company’s stock valued at $34,848,000 after acquiring an additional 3,828,903 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Ondas during the fourth quarter valued at about $33,473,000. 37.73% of the stock is currently owned by 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.