Key Points
- Director Michael Ellenbogen sold 91,771 shares of Evolv Technologies on March 6 at an average price of $5.10 for proceeds of $468,032.10, leaving him with 2,083,961 shares (a 4.22% reduction, valued at about $10.63M).
- The March sale continues a pattern of insider selling this quarter — Ellenbogen previously sold 80,745 shares on Feb 17 at $5.47 and 80,745 shares on Jan 16 at $6.20, indicating multiple sizable disposals over recent months.
- For context, EVLV opened at $5.20 with a 50-day/200-day SMA of $6.03/$6.93, a market cap of ~$908M, a 12-month range of $2.64–$8.91, institutional ownership of 66.65%, and an average analyst rating of "Moderate Buy" with an average price target of $9.13.
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) Director Michael Ellenbogen sold 91,771 shares of Evolv Technologies stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the transaction, the director owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Michael Ellenbogen also recently made the following trade(s):
- On Tuesday, February 17th, Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock. The stock was sold at an average price of $5.47, for a total value of $441,675.15.
- On Friday, January 16th, Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock. The stock was sold at an average price of $6.20, for a total value of $500,619.00.
Evolv Technologies Stock Performance
NASDAQ:EVLV opened at $5.20 on Tuesday. The stock's 50-day simple moving average is $6.03 and its 200 day simple moving average is $6.93. The firm has a market capitalization of $908.02 million, a PE ratio of -14.05 and a beta of 1.89. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. Evolv Technologies Holdings, Inc. has a twelve month low of $2.64 and a twelve month high of $8.91.
Analyst Ratings Changes
A number of research analysts have recently commented on EVLV shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Evolv Technologies in a report on Thursday, January 22nd. Lake Street Capital upped their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.13.
Check Out Our Latest Research Report on Evolv Technologies
Institutional Trading of Evolv Technologies
Institutional investors have recently bought and sold shares of the company. Emerald Advisers LLC bought a new position in Evolv Technologies during the third quarter worth $19,780,000. Torray Investment Partners LLC bought a new stake in Evolv Technologies in the third quarter valued at $1,244,000. Calamos Advisors LLC bought a new stake in Evolv Technologies in the third quarter valued at $1,353,000. Marshall Wace LLP raised its holdings in shares of Evolv Technologies by 74.4% during the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company's stock valued at $24,331,000 after purchasing an additional 1,662,797 shares during the period. Finally, Key Colony Management LLC raised its holdings in shares of Evolv Technologies by 5.5% during the third quarter. Key Colony Management LLC now owns 3,275,095 shares of the company's stock valued at $24,727,000 after purchasing an additional 170,095 shares during the period. Institutional investors own 66.65% of the company's stock.
Evolv Technologies Company Profile
(
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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