Ondas (NASDAQ:ONDS) Trading Down 1.5% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) fell 1.5% during trading on Thursday . The stock traded as low as $8.52 and last traded at $8.74. 68,982,617 shares changed hands during trading, a decline of 19% from the average daily volume of 85,364,055 shares. The stock had previously closed at $8.87.

Key Stories Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas was selected to provide advanced counter-drone protection for Jacksonville Jaguars NFL games, expanding the commercial and public-safety applications for its autonomous security technology. Ondas Selected to Provide Advanced Counter-Drone Protection for Jacksonville Jaguars NFL Games
• Positive Sentiment: The company secured a more than $50 million U.S. Army order under Mistral’s $982 million indefinite-delivery, indefinite-quantity contract. The award improves production visibility and strengthens Ondas’ position in the defense market. Ondas Bags Over $50M U.S. Army Order, Expands Defense Footprint
• Positive Sentiment: Ondas announced a more than $6 million Air Force Research Laboratory contract for DZYNE’s Long-Range Grasshopper autonomous aerial delivery system. The award advances a runway-independent logistics platform now integrated into Ondas Sentinel following the DZYNE acquisition, adding to the company’s defense pipeline. Ondas Announces New Air Force Research Laboratory Contract Award
• Neutral Sentiment: Analysts collectively assigned Ondas an average “Moderate Buy” rating, indicating constructive sentiment but not a uniformly strong recommendation. Ondas Holdings Given Average Moderate Buy Rating
• Neutral Sentiment: ONDS had gained roughly 21% over the prior month as acquisitions and new orders improved its outlook, but the stock’s elevated valuation and execution demands could limit further upside. Ondas Stock Gains 21% in a Month
• Negative Sentiment: Pre-earnings analysis suggests Ondas may lack the earnings and estimate-revision factors typically associated with a likely earnings beat. Profitability remains a key investor concern ahead of the report. Ondas Earnings Outlook

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research raised 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. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Needham & Company LLC cut their target price on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Stock Up 4.2%

The stock has a 50 day moving average price of $8.55 and a 200 day moving average price of $9.63. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 227.75 and a beta of 2.72.

Insider Activity at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at $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 sold a total of 2,395,745 shares of company stock worth $32,109,380 in the last quarter. 1.67% of the stock is owned by insiders.

Institutional Trading of Ondas

Several institutional investors have recently modified their holdings of the business. NFSG Corp lifted its holdings in Ondas by 200.0% during the 1st 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 bought a new stake in shares of Ondas in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Ondas in the first quarter valued at about $35,000. Finally, Avion Wealth raised its position in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

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.