Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Purchased by Strs Ohio

Strs Ohio raised its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 284.9% in the fourth quarter, HoldingsChannel reports. The fund owned 84,300 shares of the company’s stock after purchasing an additional 62,400 shares during the period. Strs Ohio’s holdings in Evolv Technologies were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Simplicity Solutions LLC acquired a new position in Evolv Technologies during the fourth quarter worth $67,000. Sapient Capital LLC purchased a new stake in Evolv Technologies during the 4th quarter worth about $3,188,000. Bleakley Financial Group LLC purchased a new position in shares of Evolv Technologies in the 4th quarter valued at about $67,000. Arizona State Retirement System increased its holdings in shares of Evolv Technologies by 17.3% in the 4th quarter. Arizona State Retirement System now owns 27,254 shares of the company’s stock valued at $129,000 after acquiring an additional 4,010 shares during the last quarter. Finally, Worth Financial Advisory Group LLC purchased a new position in shares of Evolv Technologies in the 4th quarter valued at about $50,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Anil Chitkara sold 50,000 shares of the company’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 transaction of $250,000.00. Following the completion of the transaction, the insider now directly owns 1,200,157 shares of the company’s stock, valued at $6,000,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Evolv Technologies news, insider Michael Ellenbogen sold 54,873 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anil Chitkara sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $5.00, for a total value of $250,000.00. Following the transaction, the insider now owns 1,200,157 shares in the company, valued at $6,000,785. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Evolv Technologies Stock Up 4.8 %

Shares of NASDAQ:EVLV opened at $4.13 on Monday. The company has a market cap of $642.55 million, a P/E ratio of -5.65 and a beta of 1.35. Evolv Technologies Holdings, Inc. has a 52 week low of $3.06 and a 52 week high of $8.30. The business has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $4.30.

Evolv Technologies (NASDAQ:EVLV) last issued 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. Evolv Technologies had a negative return on equity of 47.56% and a negative net margin of 132.13%. The company had revenue of $21.82 million for the quarter, compared to analysts’ expectations of $18.81 million. Sell-side analysts expect 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.