Sapient Capital LLC Sells 339,645 Shares of Evolv Technologies Holdings, Inc. $EVLV

Sapient Capital LLC reduced its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 47.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 381,423 shares of the company’s stock after selling 339,645 shares during the period. Sapient Capital LLC owned about 0.22% of Evolv Technologies worth $2,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abacus Wealth Partners LLC acquired a new position in shares of Evolv Technologies in the 4th quarter valued at $132,000. AlphaCore Capital LLC acquired a new position in Evolv Technologies during the fourth quarter valued at approximately $72,000. DNB Asset Management AS bought a new stake in Evolv Technologies in the fourth quarter valued at approximately $407,000. Ameritas Advisory Services LLC bought a new position in Evolv Technologies during the 4th quarter worth $517,000. Finally, Greenwood Gearhart Inc. bought a new stake in Evolv Technologies in the 4th quarter valued at about $1,432,000. Institutional investors own 66.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EVLV shares. Weiss Ratings lowered Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $9.13.

Insider Activity

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the sale, the director directly owned 2,083,961 shares in the company, valued at $10,628,201.10. This represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.30% of the company’s stock.

Evolv Technologies Stock Down 1.4%

EVLV stock opened at $5.62 on Tuesday. Evolv Technologies Holdings, Inc. has a 1-year low of $4.86 and a 1-year high of $8.91. The stock’s fifty day simple moving average is $6.12 and its two-hundred day simple moving average is $6.28. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.01 billion, a P/E ratio of -24.43 and a beta of 1.82.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The company had revenue of $46.33 million for the quarter, compared to analysts’ expectations of $44.23 million. Analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current year.

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.