Ardsley Advisory Partners LP Invests $1.25 Million in Evolv Technologies Holdings, Inc. $EVLV

Ardsley Advisory Partners LP purchased a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,248,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CW Advisors LLC lifted its position 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 worth $79,000 after buying an additional 2,014 shares during the last quarter. American Century Companies Inc. raised its stake in Evolv Technologies by 6.1% during the 1st quarter. American Century Companies Inc. now owns 63,315 shares of the company’s stock worth $198,000 after acquiring an additional 3,633 shares in the last quarter. MetLife Investment Management LLC raised its stake in Evolv Technologies by 5.1% during the 1st quarter. MetLife Investment Management LLC now owns 91,042 shares of the company’s stock worth $284,000 after acquiring an additional 4,412 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Evolv Technologies by 6.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock valued at $249,000 after acquiring an additional 5,050 shares during the last quarter. Finally, First Bank & Trust boosted its stake in Evolv Technologies by 15.8% in the second quarter. First Bank & Trust now owns 48,774 shares of the company’s stock valued at $304,000 after acquiring an additional 6,639 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Trading Up 2.3%

NASDAQ:EVLV opened at $6.77 on Thursday. Evolv Technologies Holdings, Inc. has a 1 year low of $2.64 and a 1 year high of $8.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27. The stock has a fifty day moving average price of $7.13 and a two-hundred day moving average price of $6.93. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -18.30 and a beta of 1.85.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) 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 55.11%. The firm had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. As a group, sell-side analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, Director Richard A. Shapiro acquired 16,300 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $6.02 per share, with a total value of $98,126.00. Following the purchase, the director owned 22,500 shares in the company, valued at approximately $135,450. The trade was a 262.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anil Chitkara sold 120,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $8.20, for a total transaction of $984,000.00. Following the completion of the sale, the insider directly owned 1,275,100 shares in the company, valued at $10,455,820. This trade represents a 8.60% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have purchased 61,300 shares of company stock valued at $363,326 and have sold 440,745 shares valued at $3,618,954. 11.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EVLV has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. TD Cowen reaffirmed a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Friday, August 15th. Cantor Fitzgerald upped their target price on shares of Evolv Technologies from $7.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Finally, Lake Street Capital upped their price objective on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Company 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.