Shares of Ondas Holdings Inc. (NASDAQ: ONDS) tumbled 5.04% in the last 24 hours, erasing some of the massive gains from the previous week. The decline comes as a surprise, considering the company's recent positive developments, suggesting investors might be taking profits after the stock's recent surge.

On Monday, Ondas announced a significant $8.2 million order from a major European security agency for its Iron Drone Raider counter-UAS systems. This contract, aimed at protecting one of Europe's largest airports, follows the company's impressive third-quarter results reported last week. Ondas saw a staggering 582% year-over-year revenue increase to $10.1 million, primarily driven by its autonomous drone segment. The strong performance led the company to raise its full-year 2025 revenue outlook to between $25 million and $36 million.

Despite these positive developments, Ondas' stock faced downward pressure. Market analysts suggest that profit-taking after last week's substantial gains could be a primary factor. Additionally, macro headwinds and overall market volatility may be contributing to the decline. Persistent inflation concerns and hawkish remarks from Federal Reserve officials have dampened investor enthusiasm for growth stocks, potentially impacting Ondas along with other tech-focused companies.