Evolv Technologies (NASDAQ:EVLV) Director Sells $500,619.00 in Stock

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $6.20, for a total transaction of $500,619.00. Following the completion of the transaction, the director owned 2,083,961 shares of the company’s stock, valued at approximately $12,920,558.20. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $6.44 on Friday. The stock has a market cap of $1.12 billion, a PE ratio of -17.41 and a beta of 1.85. Evolv Technologies Holdings, Inc. has a 1 year low of $2.64 and a 1 year high of $8.91. The firm has a fifty day moving average price of $6.61 and a 200-day moving average price of $7.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. The company had revenue of $42.85 million during the quarter, compared to the consensus estimate of $33.73 million. Equities analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EVLV. Zacks Research upgraded Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. Finally, Lake Street Capital increased their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Evolv Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Institutional Investors Weigh In On Evolv Technologies

A number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in Evolv Technologies during the 3rd quarter valued at approximately $60,000. FNY Investment Advisers LLC boosted its position in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after acquiring an additional 2,897 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Evolv Technologies in the third quarter valued at $76,000. Jones Financial Companies Lllp increased its position in Evolv Technologies by 29.1% in the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after purchasing an additional 2,266 shares during the last quarter. Finally, CW Advisors LLC raised its stake in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after purchasing an additional 2,014 shares in the last quarter. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Company Profile

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.