Ondas (NASDAQ:ONDS) Trading Down 4.1% – Should You Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 4.1% during trading on Monday . The company traded as low as $8.78 and last traded at $8.89. 57,562,709 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 82,505,820 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ONDS. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Northland Securities upped their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $23.00 price target on shares of Ondas in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The stock has a market cap of $3.97 billion, a PE ratio of 192.00 and a beta of 2.60. The company’s 50-day moving average price is $10.11 and its 200 day moving average price is $10.21.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The business had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. As a group, equities research analysts predict that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ondas

Several large investors have recently made changes to their positions in ONDS. NFSG Corp increased its stake in shares of Ondas by 200.0% during 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 during the period. Western Wealth Management LLC acquired a new position in Ondas during the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after purchasing an additional 3,063 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Ondas during the 1st quarter worth $35,000. 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.