Ondas (NASDAQ:ONDS) Trading Down 13.4% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price dropped 13.4% on Wednesday . The company traded as low as $6.77 and last traded at $6.8040. Approximately 55,254,442 shares changed hands during trading, a decline of 36% from the average daily volume of 85,982,156 shares. The stock had previously closed at $7.86.

Analysts Set New Price Targets

A number of research analysts have commented on ONDS shares. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Needham & Company LLC cut their price objective on shares of Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Ondas Price Performance

The firm has a market cap of $3.88 billion, a P/E ratio of 170.10 and a beta of 2.69. The firm’s 50-day moving average price is $8.91 and its 200 day moving average price is $9.89.

Insiders Place Their Bets

In other Ondas news, Director Randy Seidl sold 10,000 shares of the 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 transaction, the director owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on Wednesday, May 20th. The stock was 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. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,395,745 shares of company stock valued at $32,109,380 in the last quarter. Insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several large investors have recently added to or reduced their stakes in ONDS. Vanguard Group Inc. boosted its holdings in Ondas by 39.9% in the fourth 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. Van ECK Associates Corp acquired a new stake in shares of Ondas during the fourth quarter worth $71,202,000. State Street Corp grew its position in shares of Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after buying an additional 2,920,071 shares during the last quarter. Two Sigma Investments LP raised its stake in 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 acquiring an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 acquiring 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.