Evolv Technologies (NASDAQ:EVLV) Director Richard Shapiro Buys 19,100 Shares

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Richard Shapiro purchased 19,100 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of $4.96 per share, with a total value of $94,736.00. Following the completion of the acquisition, the director directly owned 39,000 shares in the company, valued at approximately $193,440. This trade represents a 95.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Evolv Technologies Stock Performance

NASDAQ EVLV traded down $0.14 during trading hours on Wednesday, reaching $4.93. The company’s stock had a trading volume of 1,967,222 shares, compared to its average volume of 2,655,337. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $5.85. The stock has a market cap of $892.95 million, a PE ratio of -164.33 and a beta of 1.80. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.81.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The company had revenue of $43.75 million for the quarter, compared to the consensus estimate of $41.80 million. Equities research analysts predict that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on EVLV. Wall Street Zen upgraded shares of Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. TD Cowen reiterated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research report on Tuesday, June 9th. LADENBURG THALM/SH SH began coverage on Evolv Technologies in a research note on Tuesday. They set a “buy” rating and a $8.00 price target for the company. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $11.25 target price on shares of Evolv Technologies in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. purchased a new stake in shares of Evolv Technologies in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in Evolv Technologies by 471.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after buying an additional 5,614 shares during the period. FNY Investment Advisers LLC lifted its stake in Evolv Technologies by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock worth $58,000 after acquiring an additional 2,500 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Evolv Technologies during the 2nd quarter valued at about $63,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Evolv Technologies in the 4th quarter valued at about $72,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

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.