Emerald Mutual Fund Advisers Trust Acquires New Holdings in Evolv Technologies Holdings, Inc. $EVLV

Emerald Mutual Fund Advisers Trust acquired a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,360,062 shares of the company’s stock, valued at approximately $10,268,000. Emerald Mutual Fund Advisers Trust owned 0.79% of Evolv Technologies as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EVLV. Emerald Advisers LLC acquired a new stake in shares of Evolv Technologies in the 3rd quarter worth approximately $19,780,000. Marshall Wace LLP increased its stake in shares of Evolv Technologies by 74.4% during the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock valued at $24,331,000 after acquiring an additional 1,662,797 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new stake in Evolv Technologies during the second quarter worth approximately $7,041,000. Metavasi Capital LP acquired a new stake in Evolv Technologies in the second quarter worth approximately $4,874,000. Finally, Invesco Ltd. boosted its stake in Evolv Technologies by 1,080.6% during the 2nd quarter. Invesco Ltd. now owns 517,886 shares of the company’s stock valued at $3,232,000 after purchasing an additional 474,020 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analysts Forecast Growth

EVLV has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. Lake Street Capital lifted their target price on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Evolv Technologies has a consensus rating of “Moderate Buy” and an average price target of $9.13.

Insider Activity

In related news, Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $6.20, for a total value of $500,619.00. Following the completion of the sale, the director owned 2,083,961 shares in the company, valued at approximately $12,920,558.20. This represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin M. Charlton acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $5.68 per share, with a total value of $85,200.00. Following the purchase, the director directly owned 44,081 shares in the company, valued at approximately $250,380.08. This trade represents a 51.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 61,300 shares of company stock valued at $363,326 over the last ninety days. Corporate insiders own 11.30% of the company’s stock.

Evolv Technologies Stock Performance

EVLV opened at $6.44 on Friday. 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 firm has a market cap of $1.12 billion, a PE ratio of -17.41 and a beta of 1.85. The business has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $7.17. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.64 and a fifty-two week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $42.85 million during the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%. As a group, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 EPS 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.