Evolv Technologies (NASDAQ:EVLV) Director Sells $441,675.15 in Stock

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total value of $441,675.15. Following the completion of the transaction, the director directly owned 2,083,961 shares in the company, valued at $11,399,266.67. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Michael Ellenbogen also recently made the following trade(s):

• On Friday, January 16th, Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock. The shares were sold at an average price of $6.20, for a total transaction of $500,619.00.

Evolv Technologies Stock Performance

NASDAQ EVLV traded down $0.16 during trading on Wednesday, reaching $5.46. The company’s stock had a trading volume of 1,800,061 shares, compared to its average volume of 2,452,389. The firm has a 50 day moving average price of $6.49 and a 200 day moving average price of $7.15. Evolv Technologies Holdings, Inc. has a 12 month low of $2.64 and a 12 month high of $8.91. The firm has a market capitalization of $953.43 million, a price-to-earnings ratio of -14.76 and a beta of 1.86. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On Evolv Technologies

Large investors have recently modified their holdings of the company. Emerald Advisers LLC acquired a new stake in shares of Evolv Technologies during the 3rd quarter worth approximately $19,780,000. Torray Investment Partners LLC bought a new position in Evolv Technologies during the third quarter worth $1,244,000. Calamos Advisors LLC acquired a new stake in Evolv Technologies in the third quarter worth $1,353,000. Marshall Wace LLP increased its stake in Evolv Technologies by 74.4% in 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 in the last quarter. 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. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EVLV shares. Lake Street Capital lifted their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

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.