Ondas (NASDAQ:ONDS) Shares Down 10% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) traded down 10% on Wednesday . The company traded as low as $7.64 and last traded at $7.68. 72,825,225 shares changed hands during trading, a decline of 11% from the average daily volume of 82,113,227 shares. The stock had previously closed at $8.53.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of research analyst reports. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research note on Tuesday, May 19th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Down 10.0%

The firm has a market capitalization of $3.97 billion, a P/E ratio of 192.00 and a beta of 2.60. The company’s 50 day moving average is $10.11 and its 200-day moving average is $10.21.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. On average, analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In related news, 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 completion of the sale, the director directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Randy Seidl sold 10,000 shares of the company’s 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 transaction, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,395,745 shares of company stock worth $32,109,380 in the last three months. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after buying an additional 2,063,998 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after buying an additional 154,792 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of Ondas during the third quarter valued at about $7,720,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Ondas during the fourth quarter worth about $6,734,000. Finally, Vanguard Group Inc. increased its position in shares of Ondas by 109.9% during the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares in the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

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.