Hillsdale Investment Management Inc. Acquires New Holdings in Evolv Technologies Holdings, Inc. $EVLV

Hillsdale Investment Management Inc. acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 521,700 shares of the company’s stock, valued at approximately $3,735,000. Hillsdale Investment Management Inc. owned about 0.30% of Evolv Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Evolv Technologies by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock valued at $98,700,000 after purchasing an additional 1,802,928 shares during the last quarter. Millennium Management LLC lifted its stake in Evolv Technologies by 194.6% in the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after purchasing an additional 2,766,335 shares during the last quarter. Geode Capital Management LLC lifted its stake in Evolv Technologies by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock valued at $26,357,000 after purchasing an additional 557,703 shares during the last quarter. Two Sigma Investments LP lifted its stake in Evolv Technologies by 88.3% in the 3rd quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock valued at $21,055,000 after purchasing an additional 1,307,955 shares during the last quarter. Finally, Mittelman Wealth Management bought a new position in Evolv Technologies in the 3rd quarter valued at approximately $11,415,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $6.45 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.21. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.91. The firm has a 50 day moving average price of $6.28 and a two-hundred day moving average price of $6.21. The stock has a market cap of $1.16 billion, a P/E ratio of -28.04 and a beta of 1.76.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (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 firm had revenue of $46.33 million during the quarter, compared to analysts’ expectations of $44.23 million. As a group, equities analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current year.

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the transaction, the director directly owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. This represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EVLV. Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.67.

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.