Evolv Technologies Holdings, Inc. $EVLV Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,942 shares of the company’s stock after selling 4,112 shares during the quarter. Voya Investment Management LLC’s holdings in Evolv Technologies were worth $115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EVLV. Ameriprise Financial Inc. acquired a new stake in shares of Evolv Technologies in the fourth quarter valued at approximately $74,000. Two Sigma Investments LP acquired a new stake in shares of Evolv Technologies in the fourth quarter valued at approximately $87,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Evolv Technologies by 31.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,646 shares of the company’s stock valued at $690,000 after purchasing an additional 41,437 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Evolv Technologies by 5.3% in the first quarter. Rhumbline Advisers now owns 178,391 shares of the company’s stock valued at $557,000 after purchasing an additional 8,967 shares during the last quarter. Finally, Sapient Capital LLC increased its holdings in shares of Evolv Technologies by 0.7% in the first quarter. Sapient Capital LLC now owns 735,049 shares of the company’s stock valued at $2,293,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Trading Down 1.7%

Shares of NASDAQ EVLV opened at $7.42 on Thursday. Evolv Technologies Holdings, Inc. has a twelve month low of $2.04 and a twelve month high of $8.91. The stock has a fifty day simple moving average of $7.77 and a 200-day simple moving average of $5.73. The stock has a market capitalization of $1.28 billion, a PE ratio of -13.49 and a beta of 1.69.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.16). Evolv Technologies had a negative net margin of 73.04% and a negative return on equity of 76.80%. The firm had revenue of $26.68 million during the quarter, compared to analyst estimates of $30.95 million. Evolv Technologies has set its FY 2025 guidance at EPS. On average, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research cut Evolv Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 27th. Lake Street Capital raised Evolv Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $5.50 to $9.00 in a research note on Friday, August 15th. Cantor Fitzgerald raised their target price on Evolv Technologies from $7.00 to $9.00 and gave the stock an “overweight” rating in a research note on Friday, August 15th. Finally, TD Cowen reissued a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.88.

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, major shareholder Gates Frontier, Llc sold 776,236 shares of Evolv Technologies stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $8.20, for a total transaction of $6,365,135.20. Following the completion of the sale, the insider directly owned 17,189,096 shares of the company’s stock, valued at $140,950,587.20. The trade was a 4.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.30% of the stock is owned by company insiders.

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.