Evolv Technologies (NASDAQ:EVLV) Director Sells $468,032.10 in Stock

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Michael Ellenbogen sold 91,771 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the transaction, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Ellenbogen also recently made the following trade(s):

• On Tuesday, February 17th, Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock. The shares were sold at an average price of $5.47, for a total value of $441,675.15.
• On Friday, January 16th, Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock. The stock was sold at an average price of $6.20, for a total value of $500,619.00.

Evolv Technologies Trading Up 2.4%

Shares of Evolv Technologies stock traded up $0.12 on Monday, hitting $5.20. The stock had a trading volume of 3,428,205 shares, compared to its average volume of 2,652,482. The stock has a 50 day moving average of $6.06 and a 200 day moving average of $6.95. The firm has a market capitalization of $908.02 million, a P/E ratio of -14.05 and a beta of 1.89. Evolv Technologies Holdings, Inc. has a twelve month low of $2.64 and a twelve month high of $8.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27.

Institutional Trading of Evolv Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. bought a new stake in shares of Evolv Technologies in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after buying an additional 5,614 shares during the period. State of Alaska Department of Revenue acquired a new position in Evolv Technologies in the third quarter valued at $60,000. FNY Investment Advisers LLC boosted its position in Evolv Technologies by 48.3% during the fourth 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. Finally, AlphaCore Capital LLC bought a new stake in Evolv Technologies during the fourth quarter valued at $72,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EVLV. Lake Street Capital raised their price target on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.