Ondas (NASDAQ:ONDS) Stock Price Down 6.4% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price dropped 6.4% on Thursday . The stock traded as low as $7.37 and last traded at $7.41. Approximately 86,277,209 shares changed hands during trading, an increase of 5% from the average daily volume of 82,079,859 shares. The stock had previously closed at $7.92.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price objective on shares of Ondas in a report on Tuesday, May 19th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Northland Securities raised their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Down 6.4%

The company’s fifty day moving average is $9.86 and its 200 day moving average is $10.16. The company has a market cap of $3.88 billion, a P/E ratio of 185.25 and a beta of 2.69.

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the firm’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 transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 in the company, valued at $2,904,804.32. This trade represents a 3.27% 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 worth $32,109,380 in the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $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 fourth quarter worth about $71,202,000. State Street Corp boosted its holdings in shares of Ondas by 130.2% during the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after purchasing an additional 2,920,071 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Ondas by 1,325.9% during the third 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. Finally, Geode Capital Management LLC grew its stake in shares of Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after purchasing an additional 774,862 shares during the last quarter. 37.73% of the stock is currently owned by 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.