Ondas (NASDAQ:ONDS) Stock Price Down 1.6% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 1.6% during mid-day trading on Friday . The stock traded as low as $10.05 and last traded at $10.16. Approximately 72,755,027 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 100,424,625 shares. The stock had previously closed at $10.33.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research report on Tuesday. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Northland Securities set a $16.00 target price on Ondas in a report on Tuesday, January 20th. Oppenheimer upped their target price on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Ondas Trading Down 1.6%

The firm’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $8.78. The stock has a market capitalization of $4.29 billion, a PE ratio of -25.40 and a beta of 2.47.

Insider Buying and Selling

In other Ondas news, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the transaction, the chief executive officer owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Randy Seidl sold 21,520 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $204,009.60. Following the completion of the sale, the director owned 212,470 shares of the company’s stock, valued at $2,014,215.60. This trade represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 556,605 shares of company stock worth $5,385,865 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ondas

A number of large investors have recently added to or reduced their stakes in the stock. Avion Wealth increased its stake 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 purchasing an additional 2,000 shares in the last quarter. IFP Advisors Inc lifted its stake in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Ondas by 1,005.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after buying an additional 4,000 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Ondas by 228.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after buying an additional 3,063 shares during the last quarter. Finally, American Capital Advisory LLC increased its stake in Ondas by 4,600.0% during the 4th quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after buying an additional 4,600 shares in 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.