Needham Investment Management LLC Purchases 350,000 Shares of Evolv Technologies Holdings, Inc. $EVLV

Needham Investment Management LLC raised its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 175.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 550,000 shares of the company’s stock after acquiring an additional 350,000 shares during the quarter. Needham Investment Management LLC owned approximately 0.31% of Evolv Technologies worth $3,938,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Evolv Technologies by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock valued at $98,700,000 after acquiring an additional 1,802,928 shares in the last quarter. Millennium Management LLC boosted its position in Evolv Technologies by 194.6% during the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after acquiring an additional 2,766,335 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Evolv Technologies by 17.9% in the 4th 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 in the last quarter. State Street Corp boosted its position in shares of Evolv Technologies by 19.3% in the 4th 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 in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Evolv Technologies by 88.3% in the 3rd 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 in the last quarter. 66.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EVLV. TD Cowen reissued a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report 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’s stock. According to 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 $6.13 on Tuesday. 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 business’s 50 day moving average price is $6.37 and its 200-day moving average price is $6.21. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.91. The stock has a market cap of $1.10 billion, a P/E ratio of -26.65 and a beta of 1.76.

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