Hillsdale Investment Management Inc. Invests $3.74 Million in Evolv Technologies Holdings, Inc. $EVLV

Hillsdale Investment Management Inc. acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 521,700 shares of the company’s stock, valued at approximately $3,735,000.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Evolv Technologies by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock worth $26,357,000 after buying an additional 557,703 shares during the period. Lisanti Capital Growth LLC increased its position in shares of Evolv Technologies by 58.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 172,350 shares of the company’s stock worth $1,234,000 after buying an additional 63,501 shares during the period. Legato Capital Management LLC increased its position in shares of Evolv Technologies by 134.4% during the fourth quarter. Legato Capital Management LLC now owns 62,925 shares of the company’s stock worth $451,000 after buying an additional 36,075 shares during the period. Global Retirement Partners LLC increased its position in shares of Evolv Technologies by 22.4% during the fourth quarter. Global Retirement Partners LLC now owns 21,845 shares of the company’s stock worth $156,000 after buying an additional 4,000 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Evolv Technologies by 41.3% during the fourth quarter. ProShare Advisors LLC now owns 27,945 shares of the company’s stock worth $200,000 after buying an additional 8,171 shares during the period. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Evolv Technologies Stock Performance

NASDAQ:EVLV opened at $6.45 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -28.04 and a beta of 1.76. The firm has a fifty day simple moving average of $6.28 and a two-hundred day simple moving average of $6.21. Evolv Technologies Holdings, Inc. has a 12 month low of $4.86 and a 12 month high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $46.33 million during the quarter, compared to analysts’ expectations of $44.23 million. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. Analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EVLV shares. Weiss Ratings upgraded shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.67.

Insider Buying and Selling

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the sale, the director directly owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.30% of the company’s stock.

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.