Emerald Advisers LLC Makes New $19.78 Million Investment in Evolv Technologies Holdings, Inc. $EVLV

Emerald Advisers LLC bought a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,619,822 shares of the company’s stock, valued at approximately $19,780,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Evolv Technologies by 6.7% during the 1st 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. Sigma Planning Corp bought a new stake in Evolv Technologies during the second quarter worth approximately $807,000. Fox Run Management L.L.C. acquired a new position in Evolv Technologies during the second quarter valued at approximately $124,000. Los Angeles Capital Management LLC acquired a new position in Evolv Technologies during the second quarter valued at approximately $817,000. Finally, Olympiad Research LP bought a new position in shares of Evolv Technologies in the second quarter valued at approximately $139,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EVLV shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Lake Street Capital upped their price target on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Evolv Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Stock Up 1.3%

Shares of EVLV opened at $6.16 on Thursday. 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 company has a 50-day simple moving average of $6.61 and a 200-day simple moving average of $7.18. Evolv Technologies Holdings, Inc. has a 52 week low of $2.64 and a 52 week high of $8.91. The firm has a market capitalization of $1.08 billion, a P/E ratio of -16.65 and a beta of 1.85.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The business had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. On average, equities research analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.

Insider Transactions at Evolv Technologies

In other news, Director Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $6.20, for a total transaction of $500,619.00. Following the sale, the director owned 2,083,961 shares of the company’s stock, valued at approximately $12,920,558.20. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anil Chitkara sold 120,000 shares of Evolv Technologies stock in a transaction on Monday, October 27th. The stock was sold at an average price of $8.20, for a total transaction of $984,000.00. Following the sale, the insider owned 1,275,100 shares in the company, valued at $10,455,820. This represents a 8.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 61,300 shares of company stock worth $363,326 and sold 440,745 shares worth $3,452,619. 11.30% of the stock is owned by corporate insiders.

Evolv Technologies 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.