Insider Selling: 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 Evolv Technologies stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total value of $441,675.15. Following the completion of the sale, the director directly owned 2,083,961 shares in the company, valued at approximately $11,399,266.67. This represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 Down 7.4%

EVLV stock opened at $5.03 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $6.39 and a two-hundred day moving average price of $7.11. The company has a market cap of $878.34 million, a price-to-earnings ratio of -13.59 and a beta of 1.86. Evolv Technologies Holdings, Inc. has a twelve month low of $2.64 and a twelve month high of $8.91.

Wall Street Analyst Weigh In

EVLV has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. Lake Street Capital boosted their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.13.

Hedge Funds Weigh In On Evolv Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVLV. Creek Drive Management Group LLC acquired a new position in shares of Evolv Technologies in the fourth quarter valued at $1,432,000. nVerses Capital LLC bought a new stake in shares of Evolv Technologies during the 4th quarter worth about $97,000. Stoic Point Capital Management LLC acquired a new position in Evolv Technologies in the 4th quarter valued at about $40,724,000. Polymer Capital Management US LLC acquired a new position in Evolv Technologies in the 4th quarter valued at about $118,000. Finally, Manatuck Hill Partners LLC bought a new position in Evolv Technologies in the 4th quarter valued at about $4,296,000. 66.65% of the stock is owned by institutional investors.

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.