Ondas (NASDAQ:ONDS) Trading Down 5.1% – Time to Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) fell 5.1% on Friday . The stock traded as low as $7.21 and last traded at $7.26. Approximately 66,144,886 shares were traded during trading, a decline of 19% from the average session volume of 81,580,484 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

ONDS has been the topic of a number of analyst reports. Needham & Company LLC decreased their price target on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Northland Securities raised their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. 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 company’s stock. Based on data from MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Stock Performance

The stock has a market capitalization of $3.85 billion, a P/E ratio of 181.50 and a beta of 2.69. The stock has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $10.12.

Insider Activity at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,395,745 shares of company stock worth $32,109,380 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Ondas by 39.9% during the 4th 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 during the period. Van ECK Associates Corp purchased a new position in shares of Ondas in the 4th quarter valued at approximately $71,202,000. State Street Corp boosted its position in shares of Ondas by 130.2% during the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after purchasing an additional 2,920,071 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after purchasing an additional 774,862 shares during the period. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.