Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Insider Michael Ellenbogen Sells 54,873 Shares

Evolv Technologies Holdings, Inc. (NASDAQ:EVLVGet Free Report) insider Michael Ellenbogen sold 54,873 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $5.04, for a total transaction of $276,559.92. Following the completion of the transaction, the insider now owns 1,975,473 shares in the company, valued at $9,956,383.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, January 16th, Michael Ellenbogen sold 41,667 shares of Evolv Technologies stock. The shares were sold at an average price of $4.22, for a total value of $175,834.74.
  • On Thursday, December 28th, Michael Ellenbogen sold 2,600 shares of Evolv Technologies stock. The shares were sold at an average price of $5.00, for a total value of $13,000.00.
  • On Tuesday, December 26th, Michael Ellenbogen sold 79,371 shares of Evolv Technologies stock. The shares were sold at an average price of $5.01, for a total value of $397,648.71.
  • On Monday, December 18th, Michael Ellenbogen sold 41,667 shares of Evolv Technologies stock. The shares were sold at an average price of $4.82, for a total value of $200,834.94.
  • On Thursday, November 16th, Michael Ellenbogen sold 100 shares of Evolv Technologies stock. The shares were sold at an average price of $4.00, for a total value of $400.00.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $5.07 on Monday. The stock has a fifty day moving average price of $4.59 and a 200 day moving average price of $4.67. Evolv Technologies Holdings, Inc. has a 1-year low of $2.41 and a 1-year high of $8.30. The company has a market cap of $766.23 million, a PE ratio of -6.26 and a beta of 1.35.

Evolv Technologies (NASDAQ:EVLVGet Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.04. Evolv Technologies had a negative return on equity of 46.80% and a negative net margin of 147.76%. The firm had revenue of $20.19 million during the quarter, compared to the consensus estimate of $19.33 million. Analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Evolv Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in Evolv Technologies by 1.5% in the third quarter. HighTower Advisors LLC now owns 171,397 shares of the company’s stock valued at $833,000 after acquiring an additional 2,489 shares during the period. Victory Capital Management Inc. lifted its holdings in Evolv Technologies by 26.2% in the fourth quarter. Victory Capital Management Inc. now owns 12,682 shares of the company’s stock valued at $60,000 after acquiring an additional 2,629 shares during the period. Rhumbline Advisers lifted its holdings in Evolv Technologies by 1.6% in the third quarter. Rhumbline Advisers now owns 162,958 shares of the company’s stock valued at $792,000 after acquiring an additional 2,639 shares during the period. State of Wyoming lifted its holdings in Evolv Technologies by 100.1% in the second quarter. State of Wyoming now owns 5,558 shares of the company’s stock valued at $33,000 after acquiring an additional 2,780 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in Evolv Technologies by 47.6% in the second quarter. Ameritas Investment Partners Inc. now owns 9,305 shares of the company’s stock valued at $56,000 after acquiring an additional 3,001 shares during the period. Institutional investors and hedge funds own 52.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVLV. Cantor Fitzgerald decreased their price objective on Evolv Technologies from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Lake Street Capital initiated coverage on Evolv Technologies in a report on Tuesday, November 21st. They set a “buy” rating and a $6.00 price target for the company.

View Our Latest Stock Analysis on EVLV

Evolv Technologies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Evolv Technologies (NASDAQ:EVLV)

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