Evolv Technologies (NASDAQ:EVLV) Trading Down 7.9% – Time to Sell?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) traded down 7.9% during trading on Thursday . The company traded as low as $5.41 and last traded at $5.2950. 1,108,214 shares were traded during trading, a decline of 61% from the average session volume of 2,864,323 shares. The stock had previously closed at $5.75.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Evolv Technologies Stock Performance

The company has a market capitalization of $919.90 million, a PE ratio of -25.12 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. The company has a 50-day moving average price of $5.96 and a two-hundred day moving average price of $6.90.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $38.50 million for the quarter, compared to analysts’ expectations of $36.44 million. Evolv Technologies had a negative return on equity of 31.47% and a negative net margin of 22.71%. Analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the firm’s 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 directly owned 2,083,961 shares of the company’s stock, valued at $10,628,201.10. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 253,261 shares of company stock valued at $1,410,326. 11.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Evolv Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in Evolv Technologies by 548.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,728 shares of the company’s stock worth $55,000 after buying an additional 6,536 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Evolv Technologies in the 4th quarter valued at about $83,000. Creek Drive Management Group LLC purchased a new stake in shares of Evolv Technologies in the 4th quarter valued at about $1,432,000. nVerses Capital LLC purchased a new position in shares of Evolv Technologies during the fourth quarter worth about $97,000. Finally, Stoic Point Capital Management LLC bought a new position in shares of Evolv Technologies in the fourth quarter worth approximately $40,724,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Company Profile

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.