Ondas (NASDAQ:ONDS) Shares Down 4.1% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was down 4.1% on Monday . The stock traded as low as $6.87 and last traded at $6.96. 107,056,053 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 81,749,070 shares. The stock had previously closed at $7.26.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ONDS shares. Northland Securities lifted their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report 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. Finally, Needham & Company LLC cut their price objective on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Ondas Stock Performance

The stock has a market cap of $3.90 billion, a PE ratio of 184.00 and a beta of 2.69. The company’s 50-day moving average price is $9.33 and its two-hundred day moving average price is $10.10.

Insider Buying and Selling at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated 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 directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 completion of the sale, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,395,745 shares of company stock worth $32,109,380 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently made changes to their positions in ONDS. Heck Capital Advisors LLC purchased a new stake in Ondas during the second quarter valued at about $90,000. Handelsbanken Fonder AB increased its holdings in shares of Ondas by 50.0% in the second quarter. Handelsbanken Fonder AB now owns 180,100 shares of the company’s stock worth $1,484,000 after buying an additional 60,000 shares during the period. 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. Focus Financial Network Inc. boosted its holdings in Ondas by 19.1% during the 2nd quarter. Focus Financial Network Inc. now owns 67,667 shares of the company’s stock valued at $558,000 after acquiring an additional 10,831 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Ondas during the 2nd quarter worth approximately $440,000. Institutional investors own 37.73% of the company’s stock.

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.