600,000 Shares in Evolv Technologies Holdings, Inc. $EVLV Purchased by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC acquired a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 600,000 shares of the company’s stock, valued at approximately $4,296,000. Evolv Technologies accounts for approximately 1.5% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Evolv Technologies by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after purchasing an additional 1,802,928 shares during the period. Millennium Management LLC lifted its holdings in Evolv Technologies by 194.6% in the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after purchasing an additional 2,766,335 shares during the period. Geode Capital Management LLC lifted its holdings in Evolv Technologies by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock worth $26,357,000 after purchasing an additional 557,703 shares during the period. State Street Corp lifted its holdings in Evolv Technologies by 19.3% in the fourth quarter. State Street Corp now owns 3,318,905 shares of the company’s stock worth $23,763,000 after purchasing an additional 537,215 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Evolv Technologies by 88.3% in the third quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock worth $21,055,000 after purchasing an additional 1,307,955 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $5.62 on Thursday. Evolv Technologies Holdings, Inc. has a twelve month low of $4.86 and a twelve month high of $8.91. 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 $1.01 billion, a price-to-earnings ratio of -24.43 and a beta of 1.76. The firm has a 50-day moving average of $6.36 and a two-hundred day moving average of $6.20.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, beating 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 company had revenue of $46.33 million during the quarter, compared to the consensus estimate 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.

Analyst Upgrades and Downgrades

EVLV has been the subject of several research analyst reports. Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. TD Cowen reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a 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 report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.