675,336 Shares in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Acquired by Sapient Capital LLC

Sapient Capital LLC bought a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 675,336 shares of the company's stock, valued at approximately $3,188,000. Sapient Capital LLC owned about 0.45% of Evolv Technologies at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Key Colony Management LLC grew its stake in shares of Evolv Technologies by 157.8% in the fourth quarter. Key Colony Management LLC now owns 2,781,928 shares of the company's stock worth $13,131,000 after purchasing an additional 1,702,928 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Evolv Technologies in the third quarter valued at about $2,138,000. GSA Capital Partners LLP increased its stake in shares of Evolv Technologies by 123.5% in the third quarter. GSA Capital Partners LLP now owns 283,981 shares of the company's stock valued at $1,380,000 after buying an additional 156,911 shares during the period. Principal Financial Group Inc. raised its position in shares of Evolv Technologies by 1,129.4% during the third quarter. Principal Financial Group Inc. now owns 150,129 shares of the company's stock worth $730,000 after acquiring an additional 137,917 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Evolv Technologies by 1.3% in the third quarter. Vanguard Group Inc. now owns 6,530,427 shares of the company's stock worth $31,738,000 after acquiring an additional 81,689 shares during the period. 66.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Evolv Technologies

In related news, Director David Mounts Gonzales bought 50,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $3.86 per share, for a total transaction of $193,000.00. Following the transaction, the director now directly owns 50,000 shares of the company's stock, valued at $193,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Evolv Technologies news, insider Michael Ellenbogen sold 54,873 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director David Mounts Gonzales acquired 50,000 shares of Evolv Technologies stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $3.86 per share, with a total value of $193,000.00. Following the purchase, the director now directly owns 50,000 shares of the company's stock, valued at approximately $193,000. The disclosure for this purchase can be found here. Insiders own 12.10% of the company's stock.

Evolv Technologies Stock Performance

Shares of EVLV stock traded down $0.03 during mid-day trading on Friday, hitting $3.88. The company's stock had a trading volume of 1,007,326 shares, compared to its average volume of 1,037,249. The company has a market cap of $603.65 million, a PE ratio of -5.32 and a beta of 1.37. The company's fifty day simple moving average is $4.05 and its 200-day simple moving average is $4.29. Evolv Technologies Holdings, Inc. has a 52 week low of $3.28 and a 52 week high of $8.30.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its earnings results 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 return on equity of 47.56% and a negative net margin of 132.13%. The business had revenue of $21.82 million during the quarter, compared to analysts' expectations of $18.81 million. On average, equities analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Evolv Technologies Profile

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.