Key Points
- Director Michael Ellenbogen sold 80,745 shares on January 16 at an average price of $6.20 for proceeds of $500,619, while still holding 2,083,961 shares (a 3.73% reduction in his position).
- Evolv beat expectations in its last quarter with EPS of ($0.01) vs. a ($0.07) estimate and revenue of $42.85M vs. $33.73M, but remains unprofitable with a negative net margin and an expected full-year EPS of -$0.27.
- EVLV trades around $6.08 with a market cap of about $1.06B and a 12-month range of $2.64–$8.91; analysts have a consensus rating of Moderate Buy and an average price target of $9.13.
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) Director Michael Ellenbogen sold 80,745 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,083,961 shares in the company, valued at $12,920,558.20. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Evolv Technologies Stock Down 2.6%
Shares of EVLV stock opened at $6.08 on Wednesday. Evolv Technologies Holdings, Inc. has a 12 month low of $2.64 and a 12 month high of $8.91. 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 $1.06 billion, a PE ratio of -16.43 and a beta of 1.85. The stock has a 50 day moving average of $6.62 and a 200-day moving average of $7.19.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. On average, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.
Hedge Funds Weigh In On Evolv Technologies
Several hedge funds and other institutional investors have recently modified their holdings of EVLV. State of Alaska Department of Revenue bought a new position in shares of Evolv Technologies during the third quarter valued at $60,000. FNY Investment Advisers LLC grew its stake in shares of Evolv Technologies by 48.3% during the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company's stock valued at $63,000 after purchasing an additional 2,897 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in Evolv Technologies in the 3rd quarter valued at $76,000. Jones Financial Companies Lllp lifted its stake in shares of Evolv Technologies by 29.1% during 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. Finally, CW Advisors LLC boosted its stake in shares of Evolv Technologies by 19.0% in the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company's stock valued at $79,000 after purchasing an additional 2,014 shares during the last quarter. Institutional investors own 66.65% of the company's stock.
Wall Street Analyst Weigh In
EVLV has been the subject of several research reports. Zacks Research upgraded shares of Evolv Technologies from a "strong sell" rating to a "hold" rating in a research note on Friday, October 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Evolv Technologies in a research report on Wednesday, October 8th. Finally, Lake Street Capital lifted 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.13.
Check Out Our Latest Stock Analysis on EVLV
About Evolv Technologies
(
Get Free Report)
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.
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