Evolv Technologies (NASDAQ:EVLV) Director Michael Ellenbogen Sells 80,745 Shares

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock in a transaction on Friday, January 16th. The shares were sold at an average price of $6.20, for a total value of $500,619.00. Following the transaction, the director owned 2,083,961 shares in the company, valued at $12,920,558.20. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Evolv Technologies Trading Down 2.6%

Shares of NASDAQ EVLV opened at $6.08 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. Evolv Technologies Holdings, Inc. has a one year low of $2.64 and a one year high of $8.91. The business has a 50-day moving average price of $6.62 and a two-hundred day moving average price of $7.19. The firm has a market capitalization of $1.06 billion, a PE ratio of -16.43 and a beta of 1.85.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%. As a group, analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EVLV. Lake Street Capital increased their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in Evolv Technologies during the third quarter valued at approximately $60,000. FNY Investment Advisers LLC grew its stake in Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after buying an additional 2,897 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in Evolv Technologies in the 3rd quarter worth $76,000. Jones Financial Companies Lllp lifted its position in Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after acquiring an additional 2,266 shares during the last quarter. Finally, CW Advisors LLC boosted its holdings in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after acquiring an additional 2,014 shares during the period. 66.65% of the stock is owned by institutional investors.

About Evolv Technologies

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.