Richard Shapiro Buys 19,100 Shares of Evolv Technologies (NASDAQ:EVLV) Stock

Key Points

• Director Richard Shapiro purchased 19,100 Evolv Technologies shares at an average price of $4.96, investing $94,736 and nearly doubling his direct ownership to 39,000 shares.
• EVLV shares fell 2.8% to $4.93, near their 52-week low, after the company reported a quarterly loss of $0.05 per share versus the $0.03 consensus estimate, despite revenue exceeding expectations.
• Institutional investors own 66.65% of the stock, while analysts maintain a “Moderate Buy” consensus with an average price target of $9.81—well above the current share price.

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) Director Richard Shapiro bought 19,100 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average cost of $4.96 per share, for a total transaction of $94,736.00. Following the completion of the transaction, the director directly owned 39,000 shares in the company, valued at approximately $193,440. This trade represents a 95.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Evolv Technologies Trading Down 2.8%

EVLV stock traded down $0.14 during trading on Wednesday, reaching $4.93. 1,967,222 shares of the stock traded hands, compared to its average volume of 2,655,337. The business's 50 day moving average price is $5.63 and its 200-day moving average price is $5.85. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.11. The firm has a market capitalization of $892.95 million, a PE ratio of -164.33 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The firm had revenue of $43.75 million during the quarter, compared to analysts' expectations of $41.80 million. As a group, sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current year.

Institutional Trading of Evolv Technologies

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position 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 worth $98,700,000 after buying an additional 1,802,928 shares in the last quarter. Sei Investments Co. increased its stake in shares of Evolv Technologies by 289.8% in the first quarter. Sei Investments Co. now owns 239,710 shares of the company's stock worth $1,450,000 after buying an additional 178,215 shares during the last quarter. Empowered Funds LLC acquired a new stake in Evolv Technologies in the first quarter valued at $1,048,000. Militia Capital Management LLC acquired a new stake in Evolv Technologies in the first quarter valued at $2,722,000. Finally, CenterBook Partners LP boosted its stake in Evolv Technologies by 252.6% during the 4th quarter. CenterBook Partners LP now owns 1,075,877 shares of the company's stock valued at $7,703,000 after acquiring an additional 770,791 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVLV has been the subject of several research reports. Zacks Research downgraded shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Evolv Technologies from a "sell" rating to a "hold" rating in a report on Sunday, August 30th. LADENBURG THALM/SH SH assumed coverage on Evolv Technologies in a research report on Tuesday. They issued a "buy" rating and a $8.00 price objective on the stock. TD Cowen restated a "buy" rating and set a $10.00 price objective on shares of Evolv Technologies in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised Evolv Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.81.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.