Ondas (NASDAQ:ONDS) Trading Down 5.4% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) traded down 5.4% on Monday . The company traded as low as $8.19 and last traded at $8.24. 45,704,277 shares changed hands during trading, a decline of 46% from the average session volume of 84,852,125 shares. The stock had previously closed at $8.71.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ONDS. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Ondas in a report on Friday, August 14th. Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Roth Capital reissued a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Oppenheimer raised their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Stock Performance

The business has a fifty day moving average of $8.14 and a 200 day moving average of $9.39. The company has a market capitalization of $4.70 billion, a PE ratio of -117.71 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. Equities analysts forecast that Ondas Holdings Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Ondas news, 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 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. This represents a 39.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the sale, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. This trade represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp acquired a new stake in shares of Ondas in the fourth quarter valued at $71,202,000. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 5,351,725 shares during the period. Two Sigma Investments LP increased its holdings in Ondas by 1,325.9% during 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 during the period. California State Teachers Retirement System raised its position in Ondas by 956.8% in the 2nd quarter. California State Teachers Retirement System now owns 4,229,081 shares of the company’s stock valued at $34,848,000 after purchasing an additional 3,828,903 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Ondas in the 4th quarter valued at about $33,473,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.