Sapient Capital LLC Acquires New Holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Sapient Capital LLC purchased a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 675,336 shares of the company's stock, valued at approximately $3,188,000. Sapient Capital LLC owned 0.45% of Evolv Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bleakley Financial Group LLC purchased a new position in Evolv Technologies during the 4th quarter valued at $67,000. Arizona State Retirement System increased its position in shares of Evolv Technologies by 17.3% during the fourth quarter. Arizona State Retirement System now owns 27,254 shares of the company's stock valued at $129,000 after buying an additional 4,010 shares during the period. Worth Financial Advisory Group LLC purchased a new position in shares of Evolv Technologies during the fourth quarter valued at about $50,000. Quent Capital LLC raised its stake in Evolv Technologies by 53.8% in the fourth quarter. Quent Capital LLC now owns 20,000 shares of the company's stock worth $94,000 after buying an additional 7,000 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Evolv Technologies by 27.0% in the fourth quarter. SG Americas Securities LLC now owns 57,309 shares of the company's stock worth $270,000 after buying an additional 12,196 shares during the period. Institutional investors own 66.65% of the company's stock.

Evolv Technologies Stock Down 6.3 %

Shares of NASDAQ:EVLV traded down $0.27 during midday trading on Friday, reaching $4.05. The company's stock had a trading volume of 1,019,076 shares, compared to its average volume of 1,524,539. The firm has a 50 day moving average of $4.34 and a 200-day moving average of $4.35. The firm has a market capitalization of $616.33 million, a P/E ratio of -5.55 and a beta of 1.35. Evolv Technologies Holdings, Inc. has a 12-month low of $2.96 and a 12-month high of $8.30.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.03. Evolv Technologies had a negative net margin of 132.13% and a negative return on equity of 47.56%. The business had revenue of $21.82 million for the quarter, compared to analyst estimates of $18.81 million. On average, research analysts predict that Evolv Technologies Holdings, Inc. will post -0.48 EPS for the current year.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated an "overweight" rating and set a $8.00 target price on shares of Evolv Technologies in a report on Thursday, March 28th.

Insider Buying and Selling

In other news, insider Michael Ellenbogen sold 54,873 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was 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 directly 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 is available through this hyperlink. In other news, insider Michael Ellenbogen sold 54,873 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $5.04, for a total value of $276,559.92. Following 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 legal filing with the SEC, which is available at this link. Also, insider Anil Chitkara sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $5.00, for a total transaction of $250,000.00. Following the sale, the insider now directly owns 1,200,157 shares of the company's stock, valued at approximately $6,000,785. The disclosure for this sale can be found here. Insiders have sold 146,540 shares of company stock worth $702,395 in the last 90 days. Insiders own 12.10% of the company's stock.

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.