Sapient Capital LLC Sells 8,981 Shares of Evolv Technologies Holdings, Inc. $EVLV

Sapient Capital LLC reduced its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 726,068 shares of the company’s stock after selling 8,981 shares during the period. Sapient Capital LLC’s holdings in Evolv Technologies were worth $4,531,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Evolv Technologies by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 9,402,716 shares of the company’s stock worth $29,336,000 after purchasing an additional 477,124 shares during the last quarter. Josh Arnold Investment Consultant LLC bought a new position in Evolv Technologies during the 1st quarter worth $1,248,000. SCS Capital Management LLC bought a new position in Evolv Technologies during the 1st quarter worth $15,061,000. Northern Trust Corp raised its position in Evolv Technologies by 6.3% during the 4th quarter. Northern Trust Corp now owns 1,136,210 shares of the company’s stock worth $4,488,000 after purchasing an additional 67,146 shares during the last quarter. Finally, Nuveen LLC bought a new position in Evolv Technologies during the 1st quarter worth $977,000. 66.65% of the stock is owned by institutional investors.

Insider Activity at Evolv Technologies

In other Evolv Technologies news, major shareholder Gates Frontier, Llc sold 776,236 shares of Evolv Technologies stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $8.20, for a total transaction of $6,365,135.20. Following the transaction, the insider owned 17,189,096 shares of the company’s stock, valued at $140,950,587.20. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.30% of the stock is currently owned by corporate insiders.

Evolv Technologies Stock Performance

EVLV stock opened at $8.37 on Wednesday. The company has a market capitalization of $1.44 billion, a P/E ratio of -15.22 and a beta of 1.71. Evolv Technologies Holdings, Inc. has a 52-week low of $2.04 and a 52-week high of $8.91. The business has a 50-day simple moving average of $7.30 and a two-hundred day simple moving average of $5.38.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.16). The company had revenue of $26.68 million for the quarter, compared to analyst estimates of $30.95 million. Evolv Technologies had a negative net margin of 73.04% and a negative return on equity of 76.80%. Evolv Technologies has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on EVLV shares. Cantor Fitzgerald increased their price target on Evolv Technologies from $7.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Zacks Research lowered Evolv Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 27th. Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. TD Cowen reissued a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a research report on Friday, August 15th. Finally, Lake Street Capital raised Evolv Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $5.50 to $9.00 in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Evolv Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $8.88.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.