Anthony John Derosa Sells 10,000 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Stock

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) CRO Anthony John Derosa sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $5.78, for a total transaction of $57,800.00. Following the transaction, the executive now owns 38,832 shares in the company, valued at approximately $224,448.96. The sale was disclosed in a filing with the SEC, which is available at this link.

Anthony John Derosa also recently made the following trade(s):

• On Friday, September 1st, Anthony John Derosa sold 10,000 shares of Evolv Technologies stock. The shares were sold at an average price of $6.99, for a total transaction of $69,900.00.
• On Tuesday, August 15th, Anthony John Derosa sold 10,000 shares of Evolv Technologies stock. The shares were sold at an average price of $7.72, for a total transaction of $77,200.00.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $5.62 on Tuesday. The company’s fifty day moving average price is $4.43 and its 200 day moving average price is $2.11. Evolv Technologies Holdings, Inc. has a 1 year low of $1.98 and a 1 year high of $8.30. The company has a market capitalization of $842.97 million, a PE ratio of -5.79 and a beta of 1.28.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Evolv Technologies had a negative return on equity of 45.24% and a negative net margin of 187.36%. The firm had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $14.19 million. On average, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.59 EPS for the current year.

Analyst Upgrades and Downgrades

EVLV has been the topic of several recent research reports. Craig Hallum upped their price objective on shares of Evolv Technologies from $7.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.60 price objective on shares of Evolv Technologies in a report on Thursday, September 14th. Finally, Stifel Nicolaus increased their price target on shares of Evolv Technologies from $2.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 11th.

Hedge Funds Weigh In On Evolv Technologies

Large investors have recently added to or reduced their stakes in the stock. State of Wyoming raised its position in Evolv Technologies by 100.1% during the second quarter. State of Wyoming now owns 5,558 shares of the company’s stock worth $33,000 after acquiring an additional 2,780 shares during the period. Metropolitan Life Insurance Co NY raised its position in Evolv Technologies by 126.6% during the second quarter. Metropolitan Life Insurance Co NY now owns 6,257 shares of the company’s stock worth $38,000 after acquiring an additional 3,496 shares during the period. Tower Research Capital LLC TRC raised its position in Evolv Technologies by 117.1% during the second quarter. Tower Research Capital LLC TRC now owns 8,642 shares of the company’s stock worth $52,000 after acquiring an additional 4,661 shares during the period. Ameritas Investment Partners Inc. raised its position in Evolv Technologies by 47.6% during the second quarter. Ameritas Investment Partners Inc. now owns 9,305 shares of the company’s stock worth $56,000 after acquiring an additional 3,001 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in Evolv Technologies during the second quarter worth $64,000. 52.15% of the stock is currently owned by institutional investors and hedge funds.

About Evolv Technologies

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.