Sei Investments Co. Has $1.45 Million Stock Position in Evolv Technologies Holdings, Inc. $EVLV

Sei Investments Co. lifted its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 289.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,710 shares of the company’s stock after purchasing an additional 178,215 shares during the period. Sei Investments Co.’s holdings in Evolv Technologies were worth $1,450,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IFC & Insurance Marketing Inc. bought a new position in Evolv Technologies during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after acquiring an additional 5,614 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Evolv Technologies during the 4th quarter worth about $72,000. Cibc World Markets Corp acquired a new position in shares of Evolv Technologies during the 4th quarter valued at about $72,000. Finally, CW Advisors LLC increased its holdings in shares of Evolv Technologies by 19.0% during the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after acquiring an additional 2,014 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. TD Cowen restated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $9.67.

Evolv Technologies Stock Performance

Shares of NASDAQ:EVLV opened at $5.86 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -25.48 and a beta of 1.80. The business’s fifty day moving average price is $5.84 and its two-hundred day moving average price is $5.93. Evolv Technologies Holdings, Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $8.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.14.

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