Next Century Growth Investors LLC Raises Stock Holdings in Evolv Technologies Holdings, Inc. $EVLV

Next Century Growth Investors LLC increased its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 820,478 shares of the company’s stock after purchasing an additional 182,706 shares during the period. Next Century Growth Investors LLC owned 0.47% of Evolv Technologies worth $5,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVLV. Millennium Management LLC grew its stake in Evolv Technologies by 194.6% in the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after purchasing an additional 2,766,335 shares during the period. Vanguard Group Inc. grew its stake in Evolv Technologies by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after purchasing an additional 1,802,928 shares during the period. Mittelman Wealth Management purchased a new stake in Evolv Technologies in the third quarter worth $11,415,000. Norges Bank purchased a new stake in Evolv Technologies in the fourth quarter worth $10,638,000. Finally, Two Sigma Investments LP grew its stake in Evolv Technologies by 88.3% in the third 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 during the period. 66.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EVLV. Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. TD Cowen reissued a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Three investment 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. According to data from MarketBeat.com, Evolv Technologies presently has a consensus rating of “Hold” and an average target price of $9.67.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $6.09 on Monday. 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 business’s fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $6.21. Evolv Technologies Holdings, Inc. has a 12 month low of $4.86 and a 12 month high of $8.91. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -26.48 and a beta of 1.76.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 business had revenue of $46.33 million for the quarter, compared to the consensus estimate of $44.23 million. As a group, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.