Evolv Technologies (NASDAQ:EVLV) Coverage Initiated by Analysts at Lake Street Capital

Investment analysts at Lake Street Capital began coverage on shares of Evolv Technologies (NASDAQ:EVLV) in a research note issued to investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $6.00 price target on the stock. Lake Street Capital’s price objective would indicate a potential upside of 43.88% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Craig Hallum upped their target price on shares of Evolv Technologies from $7.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 11th. Stifel Nicolaus raised their target price on Evolv Technologies from $2.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Cantor Fitzgerald cut their price target on Evolv Technologies from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, November 10th.

Evolv Technologies Stock Performance

EVLV stock opened at $4.17 on Tuesday. The company has a market cap of $630.23 million, a price-to-earnings ratio of -5.16 and a beta of 1.45. The business’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.32. Evolv Technologies has a fifty-two week low of $1.98 and a fifty-two week high of $8.30.

Insider Activity at Evolv Technologies

In other Evolv Technologies news, CRO Anthony John Derosa sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $6.99, for a total transaction of $69,900.00. Following the sale, the executive now directly owns 38,832 shares of the company’s stock, valued at $271,435.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CRO Anthony John Derosa sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $6.99, for a total transaction of $69,900.00. Following the completion of the sale, the executive now owns 38,832 shares in the company, valued at $271,435.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Ellenbogen sold 83,334 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $5.63, for a total value of $469,170.42. Following the completion of the transaction, the insider now owns 2,307,224 shares of the company’s stock, valued at $12,989,671.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,900 shares of company stock worth $705,534. 12.10% of the stock is owned by corporate insiders.

Institutional Trading of Evolv Technologies

Several hedge funds have recently bought and sold shares of EVLV. Tudor Investment Corp Et Al lifted its position in shares of Evolv Technologies by 12.1% in the third quarter. Tudor Investment Corp Et Al now owns 391,128 shares of the company’s stock worth $1,901,000 after buying an additional 42,101 shares in the last quarter. GSA Capital Partners LLP grew its holdings 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 purchasing an additional 156,911 shares in the last quarter. Legal & General Group Plc lifted its position in Evolv Technologies by 5.3% during the third quarter. Legal & General Group Plc now owns 67,058 shares of the company’s stock valued at $326,000 after purchasing an additional 3,398 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Evolv Technologies by 41.6% in the 3rd quarter. AQR Capital Management LLC now owns 51,560 shares of the company’s stock worth $251,000 after buying an additional 15,146 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Evolv Technologies in the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 52.15% of the company’s stock.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening. 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.