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 on Tuesday, February 17th. The stock was sold at an average price of $5.47, for a total value of $441,675.15. Following the sale, the director owned 2,083,961 shares of the company’s stock, valued at $11,399,266.67. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 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. 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 cap of $953.43 million, a price-to-earnings ratio of -14.76 and a beta of 1.86. The firm has a 50 day moving average of $6.49 and a 200-day moving average of $7.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27.

Institutional Trading of Evolv Technologies

A number of large investors have recently modified their holdings of the business. IFC & Insurance Marketing Inc. bought a new stake in Evolv Technologies during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after acquiring an additional 5,614 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Evolv Technologies in the third quarter worth $60,000. FNY Investment Advisers LLC increased its stake in Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after acquiring an additional 2,897 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in Evolv Technologies during the fourth quarter valued at about $72,000. Institutional investors own 66.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EVLV. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. Lake Street Capital raised their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Evolv Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $9.13.

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.