639,475 Shares in Evolv Technologies Holdings, Inc. $EVLV Purchased by Keewaydin Investments LLC

Keewaydin Investments LLC purchased a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 639,475 shares of the company’s stock, valued at approximately $4,579,000. Evolv Technologies makes up about 1.2% of Keewaydin Investments LLC’s portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc purchased a new position in shares of Evolv Technologies during the fourth quarter worth about $99,000. BNP Paribas Financial Markets grew its holdings in shares of Evolv Technologies by 118.5% during the fourth quarter. BNP Paribas Financial Markets now owns 1,407,644 shares of the company’s stock worth $10,079,000 after buying an additional 763,412 shares during the last quarter. Norges Bank purchased a new stake in Evolv Technologies in the 4th quarter valued at approximately $10,638,000. Hillsdale Investment Management Inc. purchased a new stake in Evolv Technologies in the 4th quarter valued at approximately $3,735,000. Finally, Geode Capital Management LLC boosted its holdings in Evolv Technologies by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock valued at $26,357,000 after purchasing an additional 557,703 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

EVLV stock opened at $6.41 on Thursday. The firm has a 50 day moving average of $6.34 and a 200-day moving average of $6.20. Evolv Technologies Holdings, Inc. has a 12-month low of $4.86 and a 12-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 cap of $1.15 billion, a price-to-earnings ratio of -27.87 and a beta of 1.76.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) 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, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Ellenbogen sold 91,771 shares of Evolv Technologies stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $5.10, for a total transaction of $468,032.10. Following the completion of the sale, the director directly owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EVLV shares. Zacks Research lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised 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. According to MarketBeat.com, Evolv Technologies currently has a consensus 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.