Boothbay Fund Management LLC Buys 281,369 Shares of Evolv Technologies Holdings, Inc. $EVLV

Boothbay Fund Management LLC increased its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 112.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,518 shares of the company’s stock after purchasing an additional 281,369 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.31% of Evolv Technologies worth $4,013,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of Evolv Technologies during the third quarter worth $60,000. Pekin Hardy Strauss Inc. bought a new position in shares of Evolv Technologies in the 3rd quarter valued at $76,000. Jones Financial Companies Lllp boosted its holdings in shares of Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after acquiring an additional 2,266 shares in the last quarter. CW Advisors LLC boosted its holdings in shares of Evolv Technologies by 19.0% during the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after acquiring an additional 2,014 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Evolv Technologies by 38.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock worth $81,000 after acquiring an additional 3,596 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Trading Up 0.8%

Shares of NASDAQ EVLV opened at $5.11 on Monday. The firm has a 50 day moving average price of $5.89 and a two-hundred day moving average price of $6.84. The stock has a market cap of $916.48 million, a P/E ratio of -24.33 and a beta of 1.89. Evolv Technologies Holdings, Inc. has a 52-week low of $2.64 and a 52-week high of $8.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.23.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The company had revenue of $38.50 million for the quarter, compared to analyst estimates of $36.44 million. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. As a group, equities analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.13.

Insider Buying and Selling

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of Evolv Technologies stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $5.10, for a total transaction of $468,032.10. Following the transaction, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 253,261 shares of company stock worth $1,410,326. 11.30% of the stock is currently owned by insiders.

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.