Evolv Technologies (NASDAQ:EVLV) Director Kevin Charlton Purchases 15,000 Shares

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Director Kevin Charlton bought 15,000 shares of Evolv Technologies stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $5.68 per share, with a total value of $85,200.00. Following the acquisition, the director directly owned 44,081 shares of the company’s stock, valued at approximately $250,380.08. The trade was a 51.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Evolv Technologies Price Performance

Shares of EVLV traded up $0.28 during trading hours on Friday, hitting $5.94. 5,286,703 shares of the stock were exchanged, compared to its average volume of 2,978,937. The stock’s 50-day moving average price is $7.56 and its two-hundred day moving average price is $6.78. Evolv Technologies Holdings, Inc. has a 12-month low of $2.64 and a 12-month high of $8.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -16.05 and a beta of 1.70.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The company had revenue of $42.85 million for the quarter, compared to analysts’ expectations of $33.73 million. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. Evolv Technologies has set its FY 2025 guidance at EPS. Research analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On Evolv Technologies

A number of hedge funds have recently modified their holdings of EVLV. Vanguard Group Inc. raised its holdings in shares of Evolv Technologies by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 9,402,716 shares of the company’s stock valued at $29,336,000 after buying an additional 477,124 shares during the period. Josh Arnold Investment Consultant LLC acquired a new position in Evolv Technologies in the 1st quarter valued at about $1,248,000. Key Colony Management LLC increased its stake in Evolv Technologies by 2.0% during the second quarter. Key Colony Management LLC now owns 3,105,000 shares of the company’s stock worth $19,375,000 after purchasing an additional 62,000 shares during the period. SCS Capital Management LLC acquired a new stake in shares of Evolv Technologies during the first quarter worth about $15,061,000. Finally, Nuveen LLC acquired a new stake in shares of Evolv Technologies during the first quarter worth about $977,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EVLV. Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. TD Cowen reaffirmed a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a report on Friday, August 15th. Lake Street Capital boosted their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Cantor Fitzgerald upped their target price on Evolv Technologies from $7.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Evolv Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

About Evolv Technologies

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. 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.