Key Points
- Director Kevin Charlton bought 15,000 shares on Nov. 21 at an average price of $5.68 per share (total ~$85,200), increasing his stake 51.58% to 44,081 shares valued at about $250,380.
- EVLV shares rose 4.9% to $5.94 on heavy volume (5.29M vs. avg 2.98M), with a market cap near $1.04 billion, a negative P/E of -16.05, and a 52‑week range of $2.64–$8.91.
- In the latest quarter Evolv reported ($0.01) EPS, beating consensus of ($0.07) and revenue of $42.85M vs. estimates of $33.73M, though the company remains unprofitable with a negative ROE (55.11%) and net margin (-43.76%).
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) Director Kevin Charlton bought 15,000 shares of the firm's stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of $5.68 per share, with a total value of $85,200.00. Following the completion of the acquisition, the director owned 44,081 shares of the company's stock, valued at $250,380.08. This trade represents a 51.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Evolv Technologies Stock Up 4.9%
NASDAQ EVLV traded up $0.28 during trading hours on Friday, hitting $5.94. 5,286,703 shares of the company were exchanged, compared to its average volume of 2,978,937. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -16.05 and a beta of 1.70. The company has a 50 day moving average of $7.56 and a two-hundred day moving average of $6.78. Evolv Technologies Holdings, Inc. has a 52-week low of $2.64 and a 52-week high of $8.91.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The business had revenue of $42.85 million during the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.
Institutional Trading of Evolv Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Evolv Technologies in the 3rd quarter valued at about $60,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Evolv Technologies in the third quarter valued at approximately $76,000. Jones Financial Companies Lllp boosted its holdings in shares of Evolv Technologies by 29.1% in the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company's stock valued at $77,000 after acquiring an additional 2,266 shares during the period. CW Advisors LLC purchased a new position in shares of Evolv Technologies during the first quarter worth approximately $33,000. Finally, Legacy Advisors LLC acquired a new position in shares of Evolv Technologies in the 3rd quarter valued at $81,000. Institutional investors and hedge funds own 66.65% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on EVLV shares. Zacks Research raised shares of Evolv Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, October 17th. TD Cowen reissued a "buy" rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Friday, August 15th. Lake Street Capital lifted their price target on Evolv Technologies from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, November 14th. Cantor Fitzgerald upped their price objective on Evolv Technologies from $7.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Evolv Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Evolv Technologies has a consensus rating of "Moderate Buy" and an average target price of $9.13.
Check Out Our Latest Stock Analysis on EVLV
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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