Evolv Technologies Holdings, Inc. $EVLV Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 61.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,575 shares of the company’s stock after selling 428,694 shares during the quarter. SG Americas Securities LLC owned approximately 0.15% of Evolv Technologies worth $1,601,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. ARS Investment Partners LLC purchased a new stake in Evolv Technologies in the first quarter valued at approximately $285,000. Creek Drive Management Group LLC purchased a new position in shares of Evolv Technologies in the 4th quarter valued at about $1,432,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Evolv Technologies by 548.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,728 shares of the company’s stock valued at $55,000 after purchasing an additional 6,536 shares in the last quarter. Alpine Global Management LLC acquired a new stake in Evolv Technologies in the fourth quarter valued at $83,000. Finally, nVerses Capital LLC acquired a new position in shares of Evolv Technologies during the 4th quarter worth $97,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Down 2.0%

Shares of NASDAQ:EVLV opened at $6.24 on Friday. The stock has a 50-day simple moving average of $6.22 and a 200-day simple moving average of $6.13. The stock has a market capitalization of $1.12 billion, a P/E ratio of -27.13 and a beta of 1.77. Evolv Technologies Holdings, Inc. has a 1 year low of $4.86 and a 1 year high of $8.91. 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 (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 return on equity of 33.53% and a negative net margin of 22.75%.The firm had revenue of $46.33 million during the quarter, compared to the consensus estimate of $44.23 million. Equities analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EVLV shares. Weiss Ratings downgraded Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. TD Cowen reiterated a “buy” rating and set a $10.00 price objective on shares of Evolv Technologies in a research report on Tuesday, June 9th. Finally, Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.67.

About Evolv Technologies

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.