Thompson Davis & CO. Inc. Sells 7,800 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Thompson Davis & CO. Inc. cut its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,000 shares of the company’s stock after selling 7,800 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Evolv Technologies were worth $76,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised 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 purchasing an additional 81,689 shares during the last quarter. Key Colony Management LLC raised 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. Sapient Capital LLC purchased a new stake in shares of Evolv Technologies in the fourth quarter worth approximately $3,188,000. Nomura Holdings Inc. purchased a new stake in shares of Evolv Technologies in the third quarter worth approximately $2,138,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Evolv Technologies by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 400,631 shares of the company’s stock worth $1,947,000 after purchasing an additional 13,551 shares during the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Evolv Technologies

In other news, insider Anil Chitkara sold 50,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $5.00, for a total value of $250,000.00. Following the completion of the transaction, the insider now directly owns 1,200,157 shares of the company’s stock, valued at $6,000,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Anil Chitkara sold 50,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $5.00, for a total value of $250,000.00. Following the completion of the transaction, the insider now directly owns 1,200,157 shares of the company’s stock, valued at $6,000,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $276,559.92. Following the completion of the transaction, the insider now directly owns 1,975,473 shares of the company’s stock, valued at $9,956,383.92. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.

Evolv Technologies Stock Performance

NASDAQ EVLV traded down $0.15 on Tuesday, hitting $3.91. 683,108 shares of the stock traded hands, compared to its average volume of 1,433,838. The business’s fifty day moving average is $4.09 and its two-hundred day moving average is $4.30. Evolv Technologies Holdings, Inc. has a 12 month low of $3.28 and a 12 month high of $8.30. The firm has a market capitalization of $608.32 million, a price-to-earnings ratio of -5.36 and a beta of 1.35.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) earnings per share for the quarter, beating 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 analyst estimates of $18.81 million. Analysts expect that Evolv Technologies Holdings, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price objective on shares of Evolv Technologies in a research note on Thursday, March 28th.

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.