14,126 Shares in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Acquired by Simplicity Solutions LLC

Simplicity Solutions LLC acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,126 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EVLV. State of Wyoming lifted its stake in Evolv Technologies by 100.1% in the second quarter. State of Wyoming now owns 5,558 shares of the company’s stock valued at $33,000 after buying an additional 2,780 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Evolv Technologies by 117.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,642 shares of the company’s stock valued at $52,000 after buying an additional 4,661 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Evolv Technologies by 47.6% in the second quarter. Ameritas Investment Partners Inc. now owns 9,305 shares of the company’s stock valued at $56,000 after buying an additional 3,001 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Evolv Technologies in the third quarter valued at approximately $48,000. Finally, Victory Capital Management Inc. bought a new position in Evolv Technologies in the third quarter valued at approximately $49,000. Institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, Director David Mounts Gonzales acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $193,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Michael Ellenbogen sold 54,873 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $5.04, for a total transaction of $276,559.92. Following the transaction, the insider now directly owns 1,975,473 shares in the company, valued at $9,956,383.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Mounts Gonzales bought 50,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $3.86 per share, for a total transaction of $193,000.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $193,000. The disclosure for this purchase can be found here. 12.10% of the stock is currently owned by insiders.

Evolv Technologies Stock Down 2.8 %

Shares of EVLV stock opened at $3.83 on Monday. The company’s fifty day simple moving average is $4.25 and its 200-day simple moving average is $4.32. The firm has a market cap of $595.87 million, a PE ratio of -5.25 and a beta of 1.35. Evolv Technologies Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $8.30.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $21.82 million for the quarter, compared to analyst estimates of $18.81 million. Evolv Technologies had a negative net margin of 132.13% and a negative return on equity of 47.56%. On average, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

About Evolv Technologies

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.