Emerald Advisers LLC Takes Position in Evolv Technologies Holdings, Inc. $EVLV

Emerald Advisers LLC bought a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,619,822 shares of the company’s stock, valued at approximately $19,780,000. Emerald Advisers LLC owned about 1.52% of Evolv Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EVLV. State of Alaska Department of Revenue acquired a new position in shares of Evolv Technologies in the 3rd quarter valued at $60,000. CW Advisors LLC lifted its stake in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after buying an additional 2,014 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Evolv Technologies by 38.3% in the second quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock worth $81,000 after buying an additional 3,596 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Evolv Technologies by 214.8% in the third quarter. Farther Finance Advisors LLC now owns 12,304 shares of the company’s stock worth $93,000 after buying an additional 8,396 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of Evolv Technologies in the second quarter worth approximately $94,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Evolv Technologies Trading Up 1.3%

Evolv Technologies stock opened at $6.16 on Thursday. Evolv Technologies Holdings, Inc. has a 12 month low of $2.64 and a 12 month high of $8.91. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.08 billion, a P/E ratio of -16.65 and a beta of 1.85. The company’s fifty day simple moving average is $6.61 and its 200-day simple moving average is $7.18.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $42.85 million during the quarter, compared to analysts’ expectations of $33.73 million. As a group, sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Insider Transactions at Evolv Technologies

In related news, insider Anil Chitkara sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $8.20, for a total transaction of $984,000.00. Following the transaction, the insider owned 1,275,100 shares of the company’s stock, valued at approximately $10,455,820. This trade represents a 8.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Charlton bought 15,000 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $5.68 per share, with a total value of $85,200.00. Following the completion of the transaction, the director directly owned 44,081 shares of the company’s stock, valued at approximately $250,380.08. This represents a 51.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 61,300 shares of company stock valued at $363,326 and have sold 440,745 shares valued at $3,452,619. 11.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Lake Street Capital boosted 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. Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Evolv Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

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.