Ondas (NASDAQ:ONDS) Stock Price Down 1.5% - Should You Sell?

Key Points

• Ondas shares fell 1.5% to $8.74 in Thursday trading, with volume below the average session level. The stock trades below its 200-day moving average and has a high price-to-earnings ratio of 218.5.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $16.75, although Needham recently lowered its target from $23 to $19 and some firms issued sell or hold ratings.
• Insiders sold approximately 2.4 million shares worth $32.1 million over the past quarter, including a large CEO sale tied to tax withholding obligations. Institutional investors and hedge funds own 37.73% of the company.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) dropped 1.5% during trading on Thursday . The company traded as low as $8.52 and last traded at $8.74. Approximately 68,982,617 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 85,364,055 shares. The stock had previously closed at $8.87.

Wall Street Analysts Forecast Growth

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

Ondas Stock Performance

The firm's 50 day moving average price is $8.72 and its two-hundred day moving average price is $9.66. The firm has a market cap of $4.98 billion, a PE ratio of 218.50 and a beta of 2.72.

Insider Buying and Selling at Ondas

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of Ondas 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 in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the firm'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 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 ownership of the stock. 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 quarter. 1.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ondas

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Ondas by 444.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company's stock valued at $120,000 after purchasing an additional 91,732 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ondas by 57.4% in the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company's stock valued at $2,583,000 after buying an additional 490,239 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Ondas in the second quarter valued at $152,000. Sei Investments Co. purchased a new stake in shares of Ondas in the 2nd quarter valued at $3,086,000. Finally, HRT Financial LP acquired a new position in Ondas during the 2nd quarter worth about $2,244,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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