Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Insider Anil Chitkara Sells 50,000 Shares

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVGet Free Report) insider Anil Chitkara sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $5.00, for a total value of $250,000.00. Following the completion of the transaction, the insider now owns 1,200,157 shares in the company, valued at approximately $6,000,785. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Anil Chitkara also recently made the following trade(s):

  • On Wednesday, January 3rd, Anil Chitkara sold 915 shares of Evolv Technologies stock. The stock was sold at an average price of $4.53, for a total value of $4,144.95.

Evolv Technologies Stock Down 1.1 %

Shares of NASDAQ EVLV opened at $5.06 on Wednesday. Evolv Technologies Holdings, Inc. has a twelve month low of $2.80 and a twelve month high of $8.30. The stock’s 50 day moving average price is $4.33 and its 200-day moving average price is $4.37. The company has a market capitalization of $769.27 million, a PE ratio of -6.92 and a beta of 1.35.

Evolv Technologies (NASDAQ:EVLVGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. Evolv Technologies had a negative return on equity of 47.56% and a negative net margin of 132.13%. The business had revenue of $21.82 million for the quarter, compared to the consensus estimate of $18.81 million. As a group, research analysts expect that Evolv Technologies Holdings, Inc. will post -0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 target price on shares of Evolv Technologies in a research note on Thursday, March 28th.

Check Out Our Latest Research Report on EVLV

Hedge Funds Weigh In On Evolv Technologies

Several institutional investors have recently bought and sold shares of EVLV. BlackRock Inc. lifted its stake in Evolv Technologies by 35.3% in the second quarter. BlackRock Inc. now owns 7,068,731 shares of the company’s stock valued at $42,412,000 after purchasing an additional 1,844,116 shares during the last quarter. Key Colony Management LLC lifted its stake in Evolv Technologies by 157.8% in the fourth quarter. Key Colony Management LLC now owns 2,781,928 shares of the company’s stock valued at $13,131,000 after purchasing an additional 1,702,928 shares during the last quarter. Glenview Capital Management LLC lifted its stake in Evolv Technologies by 21.7% in the fourth quarter. Glenview Capital Management LLC now owns 5,599,039 shares of the company’s stock valued at $26,427,000 after purchasing an additional 1,000,000 shares during the last quarter. Sapient Capital LLC purchased a new position in Evolv Technologies in the fourth quarter valued at approximately $3,188,000. Finally, Nuveen Asset Management LLC lifted its stake in Evolv Technologies by 220.2% in the second quarter. Nuveen Asset Management LLC now owns 810,232 shares of the company’s stock valued at $4,861,000 after purchasing an additional 557,211 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Evolv Technologies (NASDAQ:EVLV)

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