Evolv Technologies (NASDAQ:EVLV) Director Michael Ellenbogen Sells 91,771 Shares of Stock

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Michael Ellenbogen sold 91,771 shares of the 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 sale, the director owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $441,675.15.
• 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 Price Performance

NASDAQ:EVLV opened at $5.20 on Tuesday. The company has a market cap of $908.02 million, a P/E ratio of -14.05 and a beta of 1.89. The firm’s fifty day moving average price is $6.03 and its two-hundred day moving average price is $6.93. Evolv Technologies Holdings, Inc. has a one year low of $2.64 and a one year high of $8.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20.

Institutional Investors Weigh In On Evolv Technologies

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Evolv Technologies by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock valued at $249,000 after buying an additional 5,050 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Evolv Technologies during the 2nd quarter worth approximately $124,000. Los Angeles Capital Management LLC acquired a new stake in shares of Evolv Technologies during the 2nd quarter worth approximately $817,000. Olympiad Research LP bought a new position in Evolv Technologies in the second quarter valued at approximately $139,000. Finally, Creative Planning bought a new position in Evolv Technologies in the second quarter valued at approximately $189,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EVLV shares. Lake Street Capital increased their price target on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.