Ondas (NASDAQ:ONDS) Shares Down 6% Following Analyst Downgrade

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 6% on Tuesday after Needham & Company LLC lowered their price target on the stock from $23.00 to $19.00. Needham & Company LLC currently has a buy rating on the stock. Ondas traded as low as $7.32 and last traded at $7.35. 59,410,157 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 81,793,438 shares. The stock had previously closed at $7.82.

Several other analysts have also recently commented on ONDS. Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. 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. Finally, Northland Securities increased their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.75.

Insider Activity

In related news, 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 transaction of $98,300.00. Following the sale, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The transaction 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 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 transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,395,745 shares of company stock worth $32,109,380 in the last quarter. 1.60% of the stock is owned by company insiders.

Ondas News Roundup

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas said the DZYNE acquisition should materially lift its business, with management targeting $525 million in revenue and highlighting expanded capabilities across defense and autonomous systems. Ondas Targets $525 Million Revenue After $875.8 Million DZYNE Deal
• Positive Sentiment: Market commentary suggests the DZYNE deal is driving a stock rally, with investors encouraged by the larger autonomous defense platform and the potential for more upside if integration goes well. DZYNE Buyout Sparks Ondas Stock Rally: More Gains Ahead?
• Neutral Sentiment: Needham trimmed its price target on Ondas to $19 from $23 but kept a Buy rating, signaling continued optimism despite a lower valuation target. Needham & Company LLC Lowers Ondas (NASDAQ:ONDS) Price Target to $19.00
• Positive Sentiment: Ondas formally announced the acquisition of DZYNE Technologies, saying the combination creates a leading autonomous defense platform with broader U.S. and allied defense exposure. Ondas Announces Transformative Acquisition of DZYNE Technologies, Establishing the Leading Autonomous Defense Platform Spanning Persistent Intelligence, Aerial Security and Autonomous Effects

Institutional Trading of Ondas

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Ondas by 39.9% in 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 in the last quarter. Van ECK Associates Corp bought a new stake in shares of Ondas in the fourth quarter worth approximately $71,202,000. State Street Corp grew its stake in shares of Ondas by 130.2% in the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP raised 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 valued at $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after purchasing an additional 774,862 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Ondas Price Performance

The stock’s 50-day moving average is $9.72 and its two-hundred day moving average is $10.15. The company has a market cap of $3.85 billion, a P/E ratio of 183.75 and a beta of 2.69.

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.