CenterBook Partners LP Purchases 770,791 Shares of Evolv Technologies Holdings, Inc. $EVLV

CenterBook Partners LP grew its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 252.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,075,877 shares of the company’s stock after buying an additional 770,791 shares during the period. CenterBook Partners LP’s holdings in Evolv Technologies were worth $7,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Evolv Technologies by 17.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock valued at $90,464,000 after acquiring an additional 1,750,073 shares during the period. Synovus Financial Corp bought a new position in shares of Evolv Technologies in the 3rd quarter valued at about $2,079,000. Greenwood Gearhart Inc. bought a new position in shares of Evolv Technologies in the 4th quarter valued at about $1,432,000. Hussman Strategic Advisors Inc. bought a new position in shares of Evolv Technologies in the 4th quarter valued at about $1,804,000. Finally, SG Americas Securities LLC grew its position in shares of Evolv Technologies by 637.1% in the 4th quarter. SG Americas Securities LLC now owns 693,269 shares of the company’s stock valued at $4,964,000 after acquiring an additional 599,215 shares during the period. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

NASDAQ EVLV opened at $5.91 on Monday. The firm has a 50-day moving average of $6.36 and a 200-day moving average of $6.21. 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 stock has a market cap of $1.06 billion, a PE ratio of -25.69 and a beta of 1.76. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $46.33 million during the quarter, compared to analysts’ expectations of $44.23 million. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. On average, sell-side analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EVLV shares. Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.67.

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.