Ondas (NASDAQ:ONDS) Trading Down 2% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price dropped 2% on Tuesday . The stock traded as low as $7.37 and last traded at $7.86. Approximately 61,597,923 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 86,163,391 shares. The stock had previously closed at $8.02.

Analyst Upgrades and Downgrades

ONDS has been the topic of several research reports. Needham & Company LLC decreased their target price on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. One equities research 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 stock. Based on data from MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Trading Up 11.5%

The company has a market cap of $4.32 billion, a P/E ratio of 189.50 and a beta of 2.69. The company has a 50 day moving average price of $8.86 and a 200-day moving average price of $9.84.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director 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 legal filing with the SEC, which is available at this link. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 over the last ninety days. 1.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently added to or reduced their stakes in ONDS. Beaird Harris Wealth Management LLC boosted its position in Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming grew its stake in shares of Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after buying an additional 1,631 shares during the last quarter. Avion Wealth increased its holdings in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares in the last quarter. NFSG Corp increased its holdings in shares of Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Finally, Steadtrust LLC lifted its stake in shares of Ondas by 10.3% in the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock valued at $177,000 after acquiring an additional 2,000 shares during the last quarter. 37.73% of the stock is currently 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.