Michael Ellenbogen, director at Evolv Technologies, cashed in over 80,000 shares—worth nearly half a million dollars—after exercising low-cost stock options, a move that’s common for insiders cashing in equity. Despite the sale, Evolv’s revenue surged 45% to over $160 million in the past year, though it’s still losing money. With a $1 billion market cap, investors are watching closely: the company’s AI-powered security tech is promising, but insider selling adds a layer of caution as they weigh growth against losses.
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