Militia Capital Management LLC Acquires New Shares in Evolv Technologies Holdings, Inc. $EVLV

Militia Capital Management LLC acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 439,398 shares of the company’s stock, valued at approximately $2,658,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CW Advisors LLC raised 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 worth $79,000 after acquiring an additional 2,014 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Evolv Technologies by 6.5% in the 4th quarter. Arizona State Retirement System now owns 33,648 shares of the company’s stock valued at $241,000 after purchasing an additional 2,067 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Evolv Technologies by 16.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after purchasing an additional 2,206 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Evolv Technologies by 13.2% during the 4th quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after purchasing an additional 2,651 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after purchasing an additional 2,897 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Evolv Technologies stock opened at $5.36 on Thursday. 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 company has a market capitalization of $964.10 million, a PE ratio of -23.30 and a beta of 1.77. Evolv Technologies Holdings, Inc. has a 12 month low of $4.86 and a 12 month high of $8.91. The stock has a 50-day moving average price of $5.95 and a two-hundred day moving average price of $6.03.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EVLV. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. TD Cowen restated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Three investment 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’s stock. According to MarketBeat.com, Evolv Technologies has an average rating of “Hold” and a consensus target price of $9.67.

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.