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

Manatuck Hill Partners LLC purchased a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 600,000 shares of the company’s stock, valued at approximately $4,296,000. Evolv Technologies comprises about 1.5% of Manatuck Hill Partners LLC’s holdings, making the stock its 27th largest holding. Manatuck Hill Partners LLC owned about 0.34% of Evolv Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVLV. Millennium Management LLC increased its stake in shares of 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 buying an additional 2,766,335 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 1,802,928 shares during the last quarter. Mittelman Wealth Management bought a new stake in shares of Evolv Technologies in the third quarter worth $11,415,000. Norges Bank bought a new stake in shares of Evolv Technologies in the fourth quarter worth $10,638,000. Finally, Two Sigma Investments LP increased its stake in shares of 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 buying an additional 1,307,955 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in 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 reiterated a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.67.

Evolv Technologies Stock Performance

Shares of EVLV opened at $5.62 on Thursday. Evolv Technologies Holdings, Inc. has a 1 year low of $4.86 and a 1 year high of $8.91. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -24.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.21. The firm has a fifty day moving average of $6.36 and a 200-day moving average of $6.20.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly 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. 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, equities analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current 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.