Evolv Technologies Holdings, Inc. $EVLV Position Cut by CenterBook Partners LP

CenterBook Partners LP lowered its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 45.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 662,968 shares of the company’s stock after selling 555,739 shares during the quarter. CenterBook Partners LP’s holdings in Evolv Technologies were worth $3,083,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Platform Technology Partners boosted its position in shares of Evolv Technologies by 4.8% during the 3rd quarter. Platform Technology Partners now owns 145,755 shares of the company’s stock worth $678,000 after purchasing an additional 6,633 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in shares of Evolv Technologies by 19.5% during the 3rd quarter. Motley Fool Asset Management LLC now owns 390,734 shares of the company’s stock worth $1,817,000 after purchasing an additional 63,778 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Evolv Technologies by 8.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 62,462 shares of the company’s stock valued at $290,000 after purchasing an additional 4,650 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Evolv Technologies by 842.3% in the 3rd quarter. Sterling Capital Management LLC now owns 5,437 shares of the company’s stock valued at $25,000 after purchasing an additional 4,860 shares in the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of Evolv Technologies by 14.5% in the 3rd quarter. Moody National Bank Trust Division now owns 97,025 shares of the company’s stock valued at $451,000 after purchasing an additional 12,292 shares in the last quarter. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Stock Up 0.7%

EVLV opened at $4.56 on Friday. The business’s fifty day moving average is $4.72 and its two-hundred day moving average is $5.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18. The company has a market cap of $825.95 million, a price-to-earnings ratio of -152.00 and a beta of 1.83. Evolv Technologies Holdings, Inc. has a one year low of $4.02 and a one year high of $7.48.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%. The firm had revenue of $43.75 million during the quarter, compared to analyst estimates of $41.80 million. Analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.20 EPS for the current fiscal year.

Analysts Set New Price Targets

EVLV has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Tuesday, September 29th. Wall Street Zen upgraded shares of Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Craig Hallum restated a “buy” rating and set a $11.25 target price on shares of Evolv Technologies in a research report on Wednesday, August 12th. Finally, LADENBURG THALM/SH SH started coverage on shares of Evolv Technologies in a report on Tuesday, September 8th. They issued a “buy” rating and a $8.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Evolv Technologies currently has an average rating of “Moderate Buy” and an average price target of $9.81.

Insider Activity at Evolv Technologies

In other Evolv Technologies news, Director Richard Shapiro acquired 19,100 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average cost of $4.96 per share, for a total transaction of $94,736.00. Following the transaction, the director directly owned 39,000 shares of the company’s stock, valued at approximately $193,440. This represents a 95.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by corporate insiders.

About Evolv Technologies

Evolv Technologies develops AI-powered security screening systems designed to help organizations detect weapons and other threats at entrances while supporting a more convenient visitor experience. The company combines sensor technology, artificial intelligence and security analytics to screen people as they walk through designated screening areas.

Its product portfolio has included Evolv Express, a touchless weapons-detection system intended for high-throughput environments; Evolv Edge, a related screening solution for smaller or more controlled entrances; and Evolv Insights, a software platform that provides security and operational data to help organizations monitor screening activity and manage their security programs.

Evolv has served a range of customers, including sports and entertainment venues, educational institutions, healthcare facilities, corporate campuses and other public-facing organizations.