Clare Market Investments LLC Buys New Position in Evolv Technologies Holdings, Inc. $EVLV

Clare Market Investments LLC purchased a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 108,956 shares of the company’s stock, valued at approximately $659,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Evolv Technologies by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock valued at $98,700,000 after buying an additional 1,802,928 shares during the period. Stoic Point Capital Management LLC purchased a new position in shares of Evolv Technologies during the 4th quarter worth $40,724,000. Millennium Management LLC lifted its stake in shares of Evolv Technologies by 194.6% during the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after purchasing an additional 2,766,335 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Evolv Technologies by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock worth $26,357,000 after purchasing an additional 557,703 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Evolv Technologies by 19.3% during the fourth quarter. State Street Corp now owns 3,318,905 shares of the company’s stock worth $23,763,000 after purchasing an additional 537,215 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analysts Forecast Growth

EVLV has been the subject of several analyst reports. TD Cowen reiterated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Zacks Research lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Evolv Technologies currently has an average rating of “Hold” and a consensus price target of $9.67.

Evolv Technologies Stock Performance

NASDAQ:EVLV opened at $6.24 on Tuesday. The firm’s fifty day simple moving average is $6.21 and its 200 day simple moving average is $6.12. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. Evolv Technologies Holdings, Inc. has a twelve month low of $4.86 and a twelve month high of $8.91. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -27.14 and a beta of 1.77.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $46.33 million during the quarter, compared to the consensus estimate of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. As a group, equities research analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Evolv Technologies Company Profile

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.