Evolv Technologies Holdings Inc.’s filing revealed that its Chief Revenue Officer DeRosa Anthony John unloaded Company’s shares for reported $69900.0 on Sep 01. In the deal valued at $6.99 per share,10,000 shares were sold. As a result of this transaction, DeRosa Anthony John now holds 38,832 shares worth roughly $ 0.27 million.
Then, Ellenbogen Michael sold 83,334 shares, generating $605,005 in total proceeds. Upon selling the shares at $7.26, the Founder & Chief Innovation Ofc now owns 2,390,558 shares.
Before that, DeRosa Anthony John sold 10,000 shares. Evolv Technologies Holdings Inc. shares valued at $77,200 were divested by the Chief Revenue Officer at a price of $7.72 per share. As a result of the transaction, DeRosa Anthony John now holds 38,832 shares, worth roughly $0.27 million.
Craig Hallum initiated its Evolv Technologies Holdings Inc. [EVLV] rating to a Buy in a research note published on Tuesday, April 28, 2023; the price target was $6. PT values the company’s stock at a premium of -14.5 to its Tuesday closing price.
Price Performance Review of EVLV
On Tuesday, Evolv Technologies Holdings Inc. [NASDAQ:EVLV] saw its stock fall -1.01% to $6.87. On the same session, the stock had its day’s lowest price of $6.84, but rose to a high of $7.09. Over the last five days, the stock has gained 10.10%. Evolv Technologies Holdings Inc. shares have risen nearly 165.25% since the year began. Nevertheless, the stocks have risen 212.27% over the past one year. While a 52-week high of $8.30 was reached on 08/14/23, a 52-week low of $1.98 was recorded on 01/05/23. SMA at 50 days reached $6.32, while 200 days put it at $4.29. A total of 0.75 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For EVLV Stock
The 24-hour chart illustrates a support level at 6.78, which if violated will result in even more drops to 6.68. On the upside, there is a resistance level at 7.03. A further resistance level may holdings at 7.18. The Relative Strength Index (RSI) on the 14-day chart is 55.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.61%. Stochastics %K at 44.18% indicates the stock is a holding.
How much short interest is there in Evolv Technologies Holdings Inc.?
A steep rise in short interest was recorded in Evolv Technologies Holdings Inc. stocks on Aug 14, 2023, dropping by -0.86 million shares to a total of 6.4 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.26 million shares. There was a decline of -13.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.58.
Evolv Technologies Holdings Inc. [EVLV] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,362,296 shares, or roughly 4.29% of the outstanding EVLV shares. In other words, the investor’s shares have risen by 1,695,962 from its previous 13-F filing of 4666334.0. Additionally, The Vanguard Group, Inc. increased 103.50% of its stake after which the total value it holdings stand at $41,291,375, while Edge Capital Group LLC reduced -6.08% of its stake to hold $34.39 million in the firm. Over the last quarter, Glenview Capital Management LLC sold -1,487,679 shares of Evolv Technologies Holdings Inc., while Magnetar Financial LLC sold -2,822,650 shares. At present, Senvest Management LLC is holding 2,059,589 shares valued at $13.55 million. SSgA Funds Management, Inc. owned 2,048,201 shares of the company at the time of its most recent 13F filing, worth $13.48 million.
According to FactSet, Evolv Technologies Holdings Inc.’s share price will average $7.93 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.48 percent from its previous closing price of $6.94. Analysts expect Evolv Technologies Holdings Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $5.00. However, 6 analysts have rated EVLV stock as an Overweight in their predictions for 2023.