Evolv Technologies (NASDAQ:EVLV) Director Michael Ellenbogen Sells 80,745 Shares

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Michael Ellenbogen sold 80,745 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total transaction of $441,675.15. Following the completion of the transaction, the director directly owned 2,083,961 shares of the company’s stock, valued at $11,399,266.67. The trade was a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 Price Performance

EVLV opened at $5.46 on Thursday. Evolv Technologies Holdings, Inc. has a 1 year low of $2.64 and a 1 year high of $8.91. The company’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $7.14. The stock has a market capitalization of $953.43 million, a PE ratio of -14.76 and a beta of 1.86. 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

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Evolv Technologies by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock valued at $98,700,000 after purchasing an additional 1,802,928 shares during the last quarter. Stoic Point Capital Management LLC bought a new position in Evolv Technologies during the 4th quarter worth $40,724,000. Millennium Management LLC increased its position in Evolv Technologies by 194.6% in the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after buying an additional 2,766,335 shares during the period. Marshall Wace LLP lifted its stake in Evolv Technologies by 74.4% in the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock valued at $24,331,000 after buying an additional 1,662,797 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Evolv Technologies by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock valued at $26,357,000 after acquiring an additional 557,703 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analyst Weigh In

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