Ondas (NASDAQ:ONDS) Shares Down 4% – Should You Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) were down 4% on Tuesday . The company traded as low as $8.50 and last traded at $8.53. 44,772,440 shares were traded during trading, a decline of 45% from the average session volume of 82,134,289 shares. The stock had previously closed at $8.89.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. Northland Securities raised their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Down 4.0%

The company has a 50-day moving average of $10.12 and a 200-day moving average of $10.21. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 213.25 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). 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 analyst estimates of $27.49 million. On average, research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Activity at Ondas

In related news, Director Randy Seidl sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on 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 sale, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. 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 three months. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

A number of large investors have recently made changes to their positions in ONDS. JPMorgan Chase & Co. lifted its holdings in shares of Ondas by 3,558,617.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after buying an additional 2,063,998 shares during the period. DNB Asset Management AS raised its position in Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after acquiring an additional 154,792 shares in the last quarter. Ghisallo Capital Management LLC acquired a new position in Ondas in the third quarter valued at approximately $7,720,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Ondas in the fourth quarter valued at approximately $6,734,000. Finally, Vanguard Group Inc. boosted its position in Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after purchasing an additional 7,024,549 shares in the last quarter. 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.