Ondas (NASDAQ:ONDS) Stock Price Down 4.1% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price fell 4.1% on Monday . The stock traded as low as $8.78 and last traded at $8.89. Approximately 57,562,709 shares traded hands during trading, a decline of 30% from the average daily volume of 82,505,820 shares. The stock had previously closed at $9.27.

Analyst Ratings Changes

Several brokerages have weighed in on ONDS. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Glj Research set a $17.00 price target on Ondas in a research note on Tuesday, March 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Down 4.1%

The stock has a 50 day moving average price of $10.12 and a 200-day moving average price of $10.21. The stock has a market capitalization of $4.60 billion, a PE ratio of 222.25 and a beta of 2.60.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results 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). The business had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. Research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In other news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was 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 in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on 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 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. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,395,745 shares of company stock worth $32,109,380 over the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. Vanguard Group Inc. lifted its holdings in shares of Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Ondas during the 4th quarter valued at $71,202,000. State Street Corp boosted its holdings in Ondas by 130.2% in the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after acquiring an additional 2,920,071 shares in the last quarter. Two Sigma Investments LP boosted its stake in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after buying an additional 774,862 shares during the period. 37.73% of the stock is 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.