Ondas (NASDAQ:ONDS) Shares Down 1.6% – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 1.6% during trading on Friday . The stock traded as low as $7.48 and last traded at $7.80. 100,925,280 shares were traded during trading, an increase of 17% from the average daily volume of 86,482,961 shares. The stock had previously closed at $7.93.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several research analyst reports. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC dropped their price target on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Trading Down 1.6%

The firm’s 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $9.98. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 195.00 and a beta of 2.69.

Insider Transactions at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the sale, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This represents a 39.90% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.67% of the stock is currently owned by company insiders.

Institutional Trading of Ondas

Institutional investors have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC increased its position in shares of Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after purchasing an additional 1,000 shares during the period. State of Wyoming lifted its position in 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 purchasing an additional 1,631 shares during the period. Avion Wealth lifted its position in 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 during the period. NFSG Corp grew its stake in 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 grew its stake in Ondas by 10.3% during the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after buying an additional 2,000 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.