Ondas (NASDAQ:ONDS) Stock Price Down 2% Following Weak Earnings

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 2% on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $10.48 and last traded at $10.68. Approximately 95,777,860 shares traded hands during trading, a decline of 3% from the average daily volume of 98,908,977 shares. The stock had previously closed at $10.90.

The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.35). Ondas had a negative net margin of 270.37% and a negative return on equity of 69.00%. The business had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million.

Key Ondas News

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Company reported record Q4 and full‑year 2025 results, raised 2026 revenue targets dramatically (at least $375M full‑year; Q1 guide $38–$40M) and disclosed large cash resources (~$594M on hand and ~$960M net cash raised in Jan 2026), giving firepower for growth and M&A. Conference call set for March 25. Ondas Inc. Reports Record Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Ondas agreed to acquire World View (stratospheric ISR/balloon sensing), expanding ISR and persistent sensing capabilities and building on a prior $10M strategic investment—strengthens OAS (autonomous systems) product stack and defense market positioning. Ondas to Acquire World View
• Positive Sentiment: Analyst support improved: Needham raised its price target to $23 and reiterated a Buy rating, signaling institutional conviction in the growth narrative and providing upside relative to the current trading level. Needham Raises Price Target
• Positive Sentiment: Strategic deals and partnerships continue—reports of a World View/Palantir tie‑up and an acquisition of INDO Earth Moving (following a $140M military tender) expand ISR and heavy‑engineering capabilities, potentially opening larger defense contracts. Ondas World View Deal And Palantir Tie Up Ondas Acquires INDO Earth Moving
• Neutral Sentiment: Short‑interest reports show dramatic increases but the published figures show 0 shares and NaN changes—this appears to be a reporting/data error and provides no clear signal on actual short positioning. (Investors should treat these filings cautiously.)
• Negative Sentiment: Q4 EPS missed badly: reported loss of $0.41 vs. consensus ~($0.06). The quarter included a warrant charge that widened the loss despite a 600%+ revenue surge; company still has negative net margin and ROE metrics—profitability and accounting charges are near‑term pain points. Q4 Loss Widens, Sales Surge

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ONDS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Thursday, December 18th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Oppenheimer lifted their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Needham & Company LLC boosted their price target on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Insider Transactions at Ondas

In related news, CEO Eric A. Brock sold 475,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total value of $4,612,250.00. Following the sale, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. DNB Asset Management AS grew its stake in Ondas by 88.4% in the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock worth $2,547,000 after purchasing an additional 154,792 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in Ondas during the 3rd quarter worth approximately $7,720,000. Quadrature Capital Ltd bought a new position in Ondas during the 2nd quarter worth approximately $705,000. Sequoia Financial Advisors LLC acquired a new position in shares of Ondas in the 3rd quarter worth approximately $772,000. Finally, XTX Topco Ltd raised its position in shares of Ondas by 2,796.2% during the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock valued at $1,639,000 after acquiring an additional 824,096 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.

Ondas Trading Down 2.0%

The company has a 50-day moving average of $10.72 and a 200-day moving average of $9.12. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -15.94 and a beta of 2.47.

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.