Ondas (NASDAQ:ONDS) Shares Down 8.8% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 8.8% during mid-day trading on Thursday . The company traded as low as $8.79 and last traded at $8.91. Approximately 122,276,912 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 85,499,086 shares. The stock had previously closed at $9.77.

Ondas News Summary

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas won a multi-million-dollar Israeli defense tender for next-generation tactical attack drones, expanding its international customer base and supporting its autonomous defense growth strategy. Ondas Wins Israeli Defense Tender for Next-Gen Tactical Attack Drones
• Positive Sentiment: Management raised its 2026 revenue outlook to $550 million and cited sustained momentum from defense and drone orders. Quarterly revenue of $83.77 million also exceeded the approximately $67.97 million consensus estimate. ONDS stock drops after earnings
• Positive Sentiment: Roth Capital began coverage with a bullish “strong buy” rating, while retail-investor discussions continue to highlight Ondas as a potentially significant long-term drone investment. Roth Capital Begins Coverage on Ondas
• Neutral Sentiment: Call-option activity was unusually high, with 299,121 contracts purchased—52% above typical volume—signaling elevated speculative interest but not necessarily a fundamental change in valuation.
• Negative Sentiment: The earnings reaction was pressured by a reported adjusted EBITDA loss of $50.6 million. Coverage also differed on the per-share result, with reports ranging from a $0.03 loss that beat estimates to a $0.19 loss that missed consensus, adding uncertainty around the company’s profitability and reporting details. Trends Making Noise on Wall Street Today
• Negative Sentiment: Investors appear concerned that rapid revenue growth and new contracts are not yet translating into sustainable earnings, particularly with ONDS trading at a high valuation and recent gains having increased expectations.

Analyst Upgrades and Downgrades

ONDS has been the topic of several research reports. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Roth Capital started coverage on Ondas in a research report on Tuesday. They set a “buy” rating and a $13.00 price target on the stock. Weiss Ratings downgraded Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Needham & Company LLC cut their price target on Ondas from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

Ondas Stock Down 8.8%

The business’s 50 day moving average is $8.35 and its 200 day moving average is $9.55. The company has a market cap of $5.08 billion, a P/E ratio of 222.75 and a beta of 2.72.

Insider Transactions at Ondas

In other news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction 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 transaction, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. 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. In the last three months, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Corporate insiders own 1.67% of the company’s stock.

Institutional Trading of Ondas

A number of institutional investors have recently modified their holdings of the company. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Ondas during the 4th quarter valued at about $6,734,000. CI Investments Inc. acquired a new stake in Ondas in the first quarter worth about $4,255,000. The Manufacturers Life Insurance Company boosted its holdings in Ondas by 664.0% in the first quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock worth $1,171,000 after acquiring an additional 112,534 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Ondas during the fourth quarter worth about $1,052,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Ondas during the first quarter worth about $5,000,000. 37.73% of the stock is currently owned by institutional investors.

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.