Insider Selling: Evolv Technologies (NASDAQ:EVLV) Director Sells 80,745 Shares of Stock

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

Evolv Technologies Stock Down 2.6%

EVLV traded down $0.16 on Tuesday, hitting $6.08. The company had a trading volume of 2,370,252 shares, compared to its average volume of 2,332,271. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -16.43 and a beta of 1.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27. The stock has a fifty day moving average price of $6.64 and a 200-day moving average price of $7.19. Evolv Technologies Holdings, Inc. has a 12-month low of $2.64 and a 12-month high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. Analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Evolv Technologies

Several hedge funds have recently bought and sold shares of the stock. Torray Investment Partners LLC acquired a new stake in Evolv Technologies in the 3rd quarter valued at $1,244,000. Calamos Advisors LLC purchased a new position in Evolv Technologies during the third quarter valued at $1,353,000. Marshall Wace LLP grew its position in shares of Evolv Technologies by 74.4% in the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock valued at $24,331,000 after purchasing an additional 1,662,797 shares during the period. Key Colony Management LLC increased its stake in shares of Evolv Technologies by 5.5% during the third quarter. Key Colony Management LLC now owns 3,275,095 shares of the company’s stock worth $24,727,000 after purchasing an additional 170,095 shares in the last quarter. Finally, Metavasi Capital LP purchased a new stake in shares of Evolv Technologies during the second quarter worth about $4,874,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a 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 raised their price target on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.13.

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.