84,733 Shares in Evolv Technologies Holdings, Inc. $EVLV Bought by Moody National Bank Trust Division

Moody National Bank Trust Division purchased a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 84,733 shares of the company’s stock, valued at approximately $491,000.

Several other institutional investors and hedge funds have also bought and sold shares of EVLV. Empowered Funds LLC acquired a new stake in Evolv Technologies during the first quarter worth about $1,048,000. Militia Capital Management LLC bought a new position in Evolv Technologies in the 1st quarter valued at about $2,722,000. Bank of America Corp DE raised its position in shares of Evolv Technologies by 320.0% in the 1st quarter. Bank of America Corp DE now owns 677,944 shares of the company’s stock valued at $4,102,000 after buying an additional 516,523 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Evolv Technologies by 76.4% in the 1st quarter. Janus Henderson Group PLC now owns 76,231 shares of the company’s stock valued at $462,000 after buying an additional 33,019 shares in the last quarter. Finally, Stoic Point Capital Management LLC lifted its holdings in shares of Evolv Technologies by 1.4% during the 1st quarter. Stoic Point Capital Management LLC now owns 5,765,507 shares of the company’s stock worth $34,881,000 after acquiring an additional 77,751 shares during the period. Institutional investors own 66.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EVLV shares. TD Cowen reiterated a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Evolv Technologies currently has a consensus rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $5.95 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.07 billion, a PE ratio of -25.87 and a beta of 1.80. Evolv Technologies Holdings, Inc. has a 12-month low of $4.86 and a 12-month high of $8.91. The business’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $5.93.

Evolv Technologies (NASDAQ:EVLV) last posted its 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. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The firm had revenue of $46.33 million during the quarter, compared to analysts’ expectations of $44.23 million. As a group, analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.