Evolv Technologies Holdings, Inc. $EVLV Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 61.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 264,575 shares of the company’s stock after selling 428,694 shares during the period. SG Americas Securities LLC’s holdings in Evolv Technologies were worth $1,601,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. CW Advisors LLC grew its stake in shares of Evolv Technologies by 19.0% in the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after purchasing an additional 2,014 shares in the last quarter. Arizona State Retirement System lifted its holdings in Evolv Technologies by 6.5% in the fourth quarter. Arizona State Retirement System now owns 33,648 shares of the company’s stock worth $241,000 after purchasing an additional 2,067 shares during the period. Victory Capital Management Inc. lifted its holdings in Evolv Technologies by 16.5% in the third quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock worth $118,000 after purchasing an additional 2,206 shares during the period. Advisory Services Network LLC grew its position in Evolv Technologies by 13.2% in the 4th quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after buying an additional 2,651 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its position in Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after buying an additional 2,897 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Zacks Research lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note 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 lowered Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Evolv Technologies presently has a consensus rating of “Hold” and a consensus price target of $9.67.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $6.24 on Friday. The firm’s 50 day simple moving average is $6.22 and its 200-day simple moving average is $6.13. The company has a market cap of $1.12 billion, a P/E ratio of -27.13 and a beta of 1.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.14. Evolv Technologies Holdings, Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $8.91.

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

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.