NEW YORK, Dec. 27, 2025, 5:39 p.m. ET — Market closed (weekend).
Ondas Holdings Inc. (NASDAQ: ONDS) is ending the week in the spotlight after a sharp selloff in the last regular session. ONDS closed Friday at $8.48, down about 7% on the day, after trading between $8.43 and $9.17. Trading activity was elevated, with roughly 49 million shares changing hands, and the stock last printed around $8.46 in after-hours data. [1]
The move comes as U.S. equities grind through the final stretch of 2025 amid typically thinner holiday liquidity. Reuters reported that Wall Street ended the post-Christmas session only marginally lower, with strategists pointing to profit-taking after a strong run and the start of the seasonal “Santa Claus rally” window. “We’re just simply catching our breath today after the holiday,” said Ryan Detrick, chief market strategist at Carson Group, in comments carried by Reuters. [2]
For Ondas investors, the immediate question is whether Friday’s slide is a temporary air pocket in a volatile name—or a sign the market is repricing near-term risks around execution, integration, and share supply.
What’s driving ONDS stock chatter this weekend
While Ondas itself has not posted a new press release in the past 48 hours, the stock is still reacting to a fast-moving stream of recent catalysts and filings that investors are digesting into year-end. The company’s investor relations site lists its most recent headline releases in mid-December, including defense-related updates and acquisitions. [3]
At the same time, market coverage in the last 24–48 hours has focused on the price drop and unusual activity:
- MarketBeat highlighted Friday’s decline and noted the spike in volume versus recent averages. [4]
- A fresh Seeking Alpha note argued that Ondas is positioned for accelerating demand into 2026, pointing to recent growth momentum and defense tailwinds. [5]
- Another MarketBeat update (published Saturday) flagged a new institutional position disclosed in filings and discussed insider transaction headlines. [6]
Taken together, the weekend setup is a classic year-end pattern for a high-volatility small/mid-cap: a big move, heavy volume, lots of narrative, and a market that won’t reopen until Monday.
Ondas Holdings: a drone-and-defense growth story with a private wireless backbone
Ondas describes itself as a provider of private wireless data solutions through Ondas Networks and commercial drone solutions through its Ondas Autonomous Systems (OAS) unit, which includes businesses such as American Robotics and Airobotics. [7]
In the company’s framing, OAS is built around autonomous platforms marketed as “drone-in-a-box” systems and counter-drone solutions, while Ondas Networks focuses on mission-critical connectivity for industrial and government markets. [8]
That mix has made ONDS a magnet for investors seeking exposure to:
- autonomous drones for industrial inspection and security,
- counter-UAS (counter-drone) systems,
- and defense modernization themes.
The recent catalysts that still matter going into next week
Even if the last 48 hours didn’t bring a new company announcement, Ondas has stacked multiple catalysts in December that can continue to influence positioning.
Border-protection program with January 2026 timing
On Dec. 3, Ondas announced that OAS had been selected as prime contractor for a government tender involving an autonomous border-protection system, with an initial purchase order anticipated in January 2026. The company said the program could culminate in the deployment of thousands of autonomous drones over a multi-phase period. [9]
That “January purchase order” language is particularly relevant because it gives traders a near-term milestone to watch as 2026 begins. [10]
Counter-UAS airport orders in Europe
On Dec. 1, Ondas said it had secured an additional ~$8.2 million counter-UAS order from a European security authority for deployment of its Iron Drone Raider systems at another major international airport, describing it as the second order from the same customer in a short period. [11]
In the release, CEO Eric Brock called the repeat order “a strong validation” of Ondas’ positioning in counter-UAS capabilities. [12]
Expansion into rugged ground robotics via Roboteam
On Dec. 17, Ondas announced it completed the acquisition of Roboteam, describing it as a provider of rugged tactical unmanned ground vehicles (UGVs) used in defense and security applications. Brock said, “The Roboteam acquisition adds proven ground robotic capabilities to our autonomous systems portfolio.” [13]
For investors, these deals build the “multi-domain autonomy” narrative (air + ground + cyber) but also raise a practical question: how smoothly can the company integrate acquisitions and translate program wins into repeatable revenue?
Friday’s drop: what the tape says (and what it doesn’t)
Friday’s ONDS selloff stands out for two reasons: the size of the move and the volume behind it. MarketBeat reported the stock traded as low as $8.43 and last changed hands around $8.48 during Friday’s session, with volume running well above typical levels. [14]
What’s less clear from public reporting is a single, definitive catalyst on Friday itself. With no new corporate press release that day, the move may reflect a blend of year-end positioning, profit-taking, and the market’s ongoing recalibration of valuation after a strong 2025 run in defense and drone-related names. Reuters’ description of the broader market as light-volume and post-holiday also fits the backdrop in which individual names can overshoot in either direction. [15]
Share supply and dilution: an under-the-hood factor investors are watching
One theme that can matter significantly for a volatile growth stock is share issuance—both actual and anticipated.
In a Form 8-K describing exchange agreements, Ondas disclosed that it issued 5,299,482 shares of ONDS common stock on Dec. 17, 2025 to certain holders and expects to issue approximately 2,389,203 additional shares on Jan. 5, 2026, based on a referenced pricing mechanism. [16]
The company also stated it agreed to file prospectus supplements providing for resale of shares, subject to a trading limitation described in the agreements. [17]
For investors heading into Monday, this is one of the most concrete “know before the open” items: when a stock is active and heavily traded, the market can be extremely sensitive to perceived incremental supply—especially when dates and share counts are explicit. [18]
Insider filings: what the latest Form 4s show
Another topic circulating into the weekend is insider transaction reporting—important context, but often misunderstood.
Several Form 4 filings posted this week reflect restricted stock unit (RSU) vesting and related sales that are explicitly described as being used to fund tax liability tied to that vesting.
For example, a Form 4 for Neil Laird (listed as CFO, Secretary and Treasurer) shows RSUs vesting and a same-day sale of shares at $9.48, with an explanation stating the shares were sold by the company to fund taxes attributable to the RSU vesting. [19]
Similar RSU-vesting/tax-related sale disclosures appear in Form 4 filings for directors, including Jaspreet K. Sood and Randy Seidl. [20]
These filings don’t automatically signal a bearish insider view—many companies and executives use “sell-to-cover” mechanics for taxes—but they can still influence short-term sentiment when a stock is swinging and headlines focus on “insider selling.”
Institutional positioning: a new disclosed stake
In another weekend headline, MarketBeat reported that Farther Finance Advisors LLC disclosed a new position in Ondas, describing the stake as 270,145 shares valued at roughly $2.09 million (as of the referenced quarter). [21]
Institutional activity doesn’t predict the next day’s move, but it contributes to the story investors tell about who is accumulating shares—and whether the shareholder base is broadening beyond retail momentum.
Forecasts and analyst targets: “Strong Buy,” but targets vary by platform
Analyst sentiment on Ondas is broadly positive across several market-data aggregators, though the specific target prices differ based on which analysts are included and how recent updates are weighted.
- StockAnalysis lists a “Strong Buy” consensus and a $10.00 12-month price target (as displayed on its ONDS forecast page snapshot), alongside a market cap around $3.16B and a 52-week range of $0.57–$11.70. [22]
- TipRanks displays an average 12‑month price target of $11.50 and a Strong Buy consensus based on the ratings it tracks, also noting a target range that includes a $10 low and $13 high in its FAQ section. [23]
- Benzinga shows a different consensus target number ($7.93) based on its tracked analyst set, and notes a $12 target issued by Needham on Dec. 11, 2025. [24]
Recent analyst activity headlines have also highlighted bullish initiations and updates in December. TheFly’s ONDS feed lists items including a Stifel initiation with a bullish view (Dec. 15) and a Needham note calling an FCC decision on foreign drones a “significant positive inflection” (Dec. 23). [25]
Bottom line: across platforms, the common thread is constructive sentiment—but investors should be aware that “consensus target” can vary widely depending on the dataset.
Fundamentals snapshot: what the company last emphasized
Ondas’ most recent quarterly earnings release (for Q3 2025, posted in November) remains the foundation for many bullish theses circulating now.
In that release, Ondas reported record quarterly revenue of $10.1 million and stated it increased its 2025 revenue target to at least $36 million while establishing a preliminary 2026 revenue target of at least $110 million. The company also highlighted OAS backlog figures and positioned its acquisitions as part of a scaling strategy. [26]
Those targets are aggressive—which is exactly why ONDS tends to trade with outsized moves: high expectations can amplify both upside surprises and downside disappointment.
What investors should know before the next market session
With U.S. markets closed for the weekend, investors watching Ondas Holdings stock have a clear checklist before Monday’s open:
1) Holiday/week-ahead trading conditions can magnify moves
Year-end sessions are often headline-driven and liquidity can be uneven. Reuters’ description of thin post-holiday trading conditions is a reminder that big single-name swings can happen even when the major indexes barely move. [27]
2) Watch the calendar: New Year’s schedule and liquidity
According to Investopedia’s holiday schedule overview, U.S. stock markets are set for a full trading day on New Year’s Eve (Dec. 31), and markets will be closed on New Year’s Day (Jan. 1, 2026). [28]
3) Be aware of known share issuance timing
The company’s disclosure of additional shares expected to be issued on Jan. 5, 2026 is a concrete supply-related event that traders may price in ahead of time, particularly if ONDS remains highly active. [29]
4) Near-term catalysts to monitor
The company has pointed to an initial purchase order anticipated in January 2026 related to its border-protection program win—an item that could become a key headline driver early in the new year. [30]
5) Don’t overread insider “selling” headlines without context
Recent Form 4 disclosures for executives and directors include explicit “sell-to-cover” explanations tied to RSU vesting and tax obligations. That context matters when weighing sentiment into Monday. [31]
The setup for ONDS stock into Monday
Ondas Holdings enters the final days of 2025 with a rare mix for a Nasdaq-listed growth name: major defense and autonomy catalysts, ambitious forward revenue targets, active M&A integration, and a stock that can move dramatically on volume spikes.
If ONDS regains traction next week, bulls will likely point to the company’s expanding “system-of-systems” defense narrative and January program milestones. If weakness persists, attention may shift to dilution mechanics, year-end profit-taking, and the reality that scaling fast across multiple acquired platforms can be operationally complex.
Either way, after Friday’s sharp decline, ONDS is one of the more consequential “watchlist” tickers heading into Monday’s open.
This article is for informational purposes only and does not constitute investment advice.
References
1. stockanalysis.com, 2. www.reuters.com, 3. ir.ondas.com, 4. www.marketbeat.com, 5. seekingalpha.com, 6. www.marketbeat.com, 7. ir.ondas.com, 8. ir.ondas.com, 9. ir.ondas.com, 10. ir.ondas.com, 11. ir.ondas.com, 12. ir.ondas.com, 13. ir.ondas.com, 14. www.marketbeat.com, 15. www.reuters.com, 16. ir.ondas.com, 17. ir.ondas.com, 18. ir.ondas.com, 19. ir.ondas.com, 20. ir.ondas.com, 21. www.marketbeat.com, 22. stockanalysis.com, 23. www.tipranks.com, 24. www.benzinga.com, 25. apim.thefly.com, 26. ir.ondas.com, 27. www.reuters.com, 28. www.investopedia.com, 29. ir.ondas.com, 30. ir.ondas.com, 31. ir.ondas.com
