19,860 Shares in Evolv Technologies Holdings, Inc. $EVLV Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,860 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also made changes to their positions in EVLV. CW Advisors LLC bought a new position in shares of Evolv Technologies in the first quarter worth about $33,000. Teacher Retirement System of Texas purchased a new stake in Evolv Technologies in the 1st quarter valued at about $50,000. PDT Partners LLC purchased a new stake in Evolv Technologies in the 1st quarter valued at about $57,000. SouthState Corp grew its stake in Evolv Technologies by 420.1% in the 1st quarter. SouthState Corp now owns 18,571 shares of the company’s stock worth $58,000 after acquiring an additional 15,000 shares in the last quarter. Finally, First Bank & Trust increased its position in shares of Evolv Technologies by 15.8% during the second quarter. First Bank & Trust now owns 48,774 shares of the company’s stock worth $304,000 after acquiring an additional 6,639 shares during the period. 66.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EVLV has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a report on Friday, August 15th. Cantor Fitzgerald upped their target price on Evolv Technologies from $7.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research report on Wednesday, October 8th. Lake Street Capital lifted their price objective on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday. Finally, Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Evolv Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Insider Buying and Selling

In related news, major shareholder Gates Frontier, Llc sold 776,236 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $8.20, for a total transaction of $6,365,135.20. Following the transaction, the insider directly owned 17,189,096 shares of the company’s stock, valued at $140,950,587.20. This represents a 4.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Ellenbogen sold 80,745 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $8.26, for a total value of $666,953.70. Following the completion of the sale, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $17,213,517.86. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,911,445 shares of company stock worth $15,560,635 in the last ninety days. 11.30% of the stock is owned by insiders.

Evolv Technologies Stock Performance

Shares of Evolv Technologies stock opened at $6.00 on Friday. Evolv Technologies Holdings, Inc. has a one year low of $2.49 and a one year high of $8.91. The company has a market capitalization of $1.03 billion, a PE ratio of -16.22 and a beta of 1.70. The company has a 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $6.72.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 54.09%. The firm had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies has set its FY 2025 guidance at EPS. On average, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Evolv Technologies Profile

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.