Ondas (NASDAQ:ONDS) Shares Down 1.9% on Insider Selling

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 1.9% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $8.98 and last traded at $9.18. Approximately 55,290,947 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 83,357,430 shares. The stock had previously closed at $9.36.

Specifically, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded Ondas from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Zacks Research downgraded Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Weiss Ratings upgraded Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Ondas currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Performance

The firm has a fifty day moving average price of $9.84 and a 200 day moving average price of $9.66. The stock has a market cap of $4.49 billion, a PE ratio of 226.50 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of Ondas

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp purchased a new position in Ondas in the 4th quarter worth approximately $71,202,000. Vanguard Group Inc. grew its position in shares of Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after purchasing an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Ondas by 1,325.9% in 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 during the last quarter. Marshall Wace LLP acquired a new stake in shares of Ondas in the fourth quarter valued at approximately $33,473,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Ondas by 9,274.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after buying an additional 3,429,398 shares in the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

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.