Data Collective IV GP LLC Has $32.86 Million Stock Holdings in Evolv Technologies Holdings, Inc. $EVLV

Data Collective IV GP LLC reduced its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,590,000 shares of the company’s stock after selling 410,000 shares during the quarter. Evolv Technologies comprises 56.2% of Data Collective IV GP LLC’s holdings, making the stock its largest holding. Data Collective IV GP LLC owned 2.63% of Evolv Technologies worth $32,864,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. bought a new stake in Evolv Technologies in the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after purchasing an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after purchasing an additional 2,897 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Evolv Technologies in the third quarter worth approximately $76,000. Finally, AlphaCore Capital LLC bought a new stake in Evolv Technologies in the fourth quarter worth approximately $72,000. 66.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, TD Cowen reiterated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies Trading Down 3.4%

NASDAQ EVLV opened at $5.92 on Wednesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -25.74 and a beta of 1.76. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.91. The business has a 50 day moving average price of $6.37 and a 200-day moving average price of $6.21. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $46.33 million during the quarter, compared to the consensus estimate of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. As a group, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.