Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLVFree Report) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,631 shares of the company’s stock after purchasing an additional 13,551 shares during the quarter. Bank of New York Mellon Corp’s holdings in Evolv Technologies were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new stake in Evolv Technologies in the third quarter valued at $134,000. SG Americas Securities LLC acquired a new stake in Evolv Technologies in the third quarter valued at $219,000. Global Retirement Partners LLC raised its holdings in Evolv Technologies by 28.8% in the third quarter. Global Retirement Partners LLC now owns 17,000 shares of the company’s stock valued at $79,000 after acquiring an additional 3,800 shares in the last quarter. Quent Capital LLC acquired a new stake in Evolv Technologies in the third quarter valued at $63,000. Finally, Key Colony Management LLC raised its holdings in Evolv Technologies by 292.4% in the third quarter. Key Colony Management LLC now owns 1,079,000 shares of the company’s stock valued at $5,244,000 after acquiring an additional 804,000 shares in the last quarter. 52.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Evolv Technologies news, insider Michael Ellenbogen sold 41,667 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $4.82, for a total value of $200,834.94. Following the completion of the transaction, the insider now directly owns 2,182,223 shares in the company, valued at $10,518,314.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Evolv Technologies news, CRO Anthony John Derosa sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $4.77, for a total value of $47,700.00. Following the completion of the transaction, the executive now directly owns 38,832 shares in the company, valued at $185,228.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Ellenbogen sold 41,667 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $4.82, for a total transaction of $200,834.94. Following the completion of the transaction, the insider now owns 2,182,223 shares of the company’s stock, valued at $10,518,314.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,688 shares of company stock worth $1,031,630. Corporate insiders own 10.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Lake Street Capital assumed coverage on shares of Evolv Technologies in a report on Tuesday, November 21st. They set a “buy” rating and a $6.00 target price on the stock. Cantor Fitzgerald dropped their target price on shares of Evolv Technologies from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, November 10th.

Check Out Our Latest Report on Evolv Technologies

Evolv Technologies Stock Up 4.8 %

Shares of EVLV opened at $4.59 on Wednesday. The firm has a 50-day moving average price of $4.54 and a 200 day moving average price of $4.60. The firm has a market capitalization of $693.69 million, a PE ratio of -5.67 and a beta of 1.35. Evolv Technologies Holdings, Inc. has a 52-week low of $2.41 and a 52-week high of $8.30.

Evolv Technologies (NASDAQ:EVLVGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.04. Evolv Technologies had a negative net margin of 147.76% and a negative return on equity of 46.80%. The company had revenue of $20.19 million during the quarter, compared to analyst estimates of $19.33 million. On average, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.74 EPS for the current year.

Evolv Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Evolv Technologies (NASDAQ:EVLV)

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