Evolv Technologies Holdings, Inc. $EVLV Shares Sold by Mittelman Wealth Management

Mittelman Wealth Management cut its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 25.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 850,425 shares of the company’s stock after selling 283,474 shares during the period. Evolv Technologies accounts for 3.2% of Mittelman Wealth Management’s investment portfolio, making the stock its 9th largest holding. Mittelman Wealth Management’s holdings in Evolv Technologies were worth $5,145,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Quantinno Capital Management LP boosted its holdings in Evolv Technologies by 196.1% in the first quarter. Quantinno Capital Management LP now owns 142,572 shares of the company’s stock valued at $863,000 after purchasing an additional 94,428 shares during the period. Sei Investments Co. grew its stake in shares of Evolv Technologies by 289.8% during the first quarter. Sei Investments Co. now owns 239,710 shares of the company’s stock worth $1,450,000 after purchasing an additional 178,215 shares in the last quarter. Cetera Investment Advisers raised its stake in Evolv Technologies by 17.0% in the first quarter. Cetera Investment Advisers now owns 98,491 shares of the company’s stock valued at $596,000 after buying an additional 14,310 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Evolv Technologies during the 1st quarter worth about $2,658,000. Finally, Swiss National Bank boosted its position in shares of Evolv Technologies by 31.0% during the 1st quarter. Swiss National Bank now owns 310,900 shares of the company’s stock worth $1,881,000 after acquiring an additional 73,600 shares in the last quarter. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Evolv Technologies Stock Up 4.0%

Shares of Evolv Technologies stock opened at $5.45 on Tuesday. Evolv Technologies Holdings, Inc. has a one year low of $4.86 and a one year high of $8.91. 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 $5.93 and a two-hundred day moving average of $5.99. The company has a market cap of $980.29 million, a P/E ratio of -23.69 and a beta of 1.77.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) 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 firm had revenue of $46.33 million during the quarter, compared to the consensus estimate of $44.23 million. On average, analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVLV has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. TD Cowen restated a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a research report 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, July 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.