Evolv Technologies Holdings, Inc. $EVLV Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLVFree Report) by 31.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 937,741 shares of the company’s stock after selling 439,278 shares during the quarter. Squarepoint Ops LLC’s holdings in Evolv Technologies were worth $5,439,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EVLV. CW Advisors LLC boosted its position in shares of Evolv Technologies by 19.0% in the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after purchasing an additional 2,014 shares in the last quarter. Victory Capital Management Inc. raised its stake in Evolv Technologies by 16.5% in the third quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after buying an additional 2,206 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Evolv Technologies by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock worth $58,000 after acquiring an additional 2,500 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Evolv Technologies by 13.2% during the fourth quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after acquiring an additional 2,651 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Evolv Technologies by 38.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock valued at $81,000 after purchasing an additional 3,596 shares during the last quarter. 66.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Evolv Technologies in a research report on Tuesday. They set a “buy” rating and a $8.00 target price on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $11.25 price target on shares of Evolv Technologies in a report on Wednesday, August 12th. Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. TD Cowen reissued a “buy” rating and set a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Four 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.81.

View Our Latest Analysis on Evolv Technologies

Insider Activity

In other Evolv Technologies news, Director Richard Shapiro bought 19,100 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average cost of $4.96 per share, for a total transaction of $94,736.00. Following the completion of the transaction, the director directly owned 39,000 shares of the company’s stock, valued at approximately $193,440. This trade represents a 95.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.20% of the stock is currently owned by company insiders.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $4.95 on Friday. The business’s 50 day moving average price is $5.55 and its 200 day moving average price is $5.84. The firm has a market cap of $896.59 million, a P/E ratio of -165.00 and a beta of 1.80. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.81. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLVGet Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The business had revenue of $43.75 million for the quarter, compared to analysts’ expectations of $41.80 million. On average, sell-side analysts expect that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current year.

About Evolv Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Evolv Technologies (NASDAQ:EVLV)

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