Insiders who bought Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) stock in the last 12 months recover some losses, but still down US$17k
Some of the losses seen by insiders who purchased US$319k worth of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) shares over the past year were recovered after the stock increased by 16% over the past week. However, the purchase is proving to be an expensive wager as insiders are yet to get ahead of their losses which currently stand at US$17k since the time of purchase.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Evolv Technologies Holdings
The Last 12 Months Of Insider Transactions At Evolv Technologies Holdings
The Independent Director Kevin Charlton made the biggest insider purchase in the last 12 months. That single transaction was for US$182k worth of shares at a price of US$1.84 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$2.58. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Kevin Charlton purchased 117.00k shares over the year. The average price per share was US$2.73. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Evolv Technologies Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Evolv Technologies Holdings insiders own 16% of the company, worth about US$60m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Evolv Technologies Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Evolv Technologies Holdings we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Evolv Technologies Holdings. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Evolv Technologies Holdings.
But note: Evolv Technologies Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
