CenterBook Partners LP Lowers Stock Position in Evolv Technologies Holdings, Inc. $EVLV

CenterBook Partners LP lessened its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 86.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 305,086 shares of the company’s stock after selling 1,936,678 shares during the period. CenterBook Partners LP owned 0.18% of Evolv Technologies worth $2,303,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Evolv Technologies during the third quarter worth about $60,000. Jones Financial Companies Lllp lifted its holdings in shares of Evolv Technologies by 29.1% during the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after purchasing an additional 2,266 shares during the last quarter. CW Advisors LLC lifted its holdings in shares of 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 purchasing an additional 2,014 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Evolv Technologies by 38.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock worth $81,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Evolv Technologies by 214.8% in the 3rd 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 last quarter. 66.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVLV has been the topic of several analyst reports. Lake Street Capital boosted 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.13.

Evolv Technologies Trading Down 0.5%

Evolv Technologies stock opened at $5.43 on Friday. Evolv Technologies Holdings, Inc. has a one year low of $2.64 and a one year high of $8.91. The business’s fifty day moving average is $6.43 and its 200 day moving average is $7.13. The stock has a market capitalization of $948.19 million, a PE ratio of -14.68 and a beta of 1.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20.

Insider Buying and Selling at Evolv Technologies

In related news, Director Michael Ellenbogen sold 80,745 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total transaction of $441,675.15. Following the transaction, the director owned 2,083,961 shares in the company, valued at $11,399,266.67. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.30% of the stock is owned by insiders.

Evolv Technologies 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.