Calamos Advisors LLC Lowers Holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Calamos Advisors LLC trimmed its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 47.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,659 shares of the company’s stock after selling 117,093 shares during the period. Calamos Advisors LLC owned about 0.09% of Evolv Technologies worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in EVLV. Key Colony Management LLC lifted its position 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 buying an additional 1,702,928 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Evolv Technologies in the fourth quarter worth about $3,188,000. Nomura Holdings Inc. purchased a new stake in shares of Evolv Technologies in the third quarter worth about $2,138,000. GSA Capital Partners LLP lifted its position 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 worth $1,380,000 after buying an additional 156,911 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Evolv Technologies by 1,129.4% in the third quarter. Principal Financial Group Inc. now owns 150,129 shares of the company’s stock worth $730,000 after buying an additional 137,917 shares in the last quarter. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Evolv Technologies news, Director David Mounts Gonzales bought 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at approximately $193,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Evolv Technologies news, Director David Mounts Gonzales bought 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at approximately $193,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Ellenbogen sold 54,873 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $5.04, for a total value of $276,559.92. Following the transaction, the insider now directly owns 1,975,473 shares in the company, valued at approximately $9,956,383.92. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $3.88 on Tuesday. The business’s 50 day moving average is $4.21 and its two-hundred day moving average is $4.31. Evolv Technologies Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $8.30.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.11) earnings per share 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 company had revenue of $21.82 million for the quarter, compared to analysts’ expectations of $18.81 million. On average, research analysts predict that Evolv Technologies Holdings, Inc. will post -0.48 EPS for the current year.

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.