Ondas (NASDAQ:ONDS) Shares Down 1.2% – Should You Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded down 1.2% during trading on Friday . The stock traded as low as $7.11 and last traded at $7.49. Approximately 59,018,889 shares were traded during trading, a decline of 31% from the average session volume of 85,588,211 shares. The stock had previously closed at $7.58.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Finally, Needham & Company LLC dropped 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. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.75.

Ondas Price Performance

The company has a fifty day moving average price of $8.79 and a 200 day moving average price of $9.78. The stock has a market cap of $4.27 billion, a P/E ratio of 187.25 and a beta of 2.69.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 2,395,745 shares of company stock valued at $32,109,380. 1.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ondas

Institutional investors and hedge funds have recently made changes to their positions in the business. NFSG Corp lifted its position in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new stake in Ondas during the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Ondas in the first quarter worth approximately $35,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.