Creek Drive Management Group LLC Makes New Investment in Evolv Technologies Holdings, Inc. $EVLV

Creek Drive Management Group LLC bought a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 4th quarter, Holdings Channel.com reports. The firm bought 200,000 shares of the company’s stock, valued at approximately $1,432,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Evolv Technologies by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after acquiring an additional 1,802,928 shares during the period. Stoic Point Capital Management LLC acquired a new stake in Evolv Technologies in the fourth quarter valued at about $40,724,000. Millennium Management LLC boosted its holdings in Evolv Technologies by 194.6% in the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after purchasing an additional 2,766,335 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Evolv Technologies by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock valued at $26,357,000 after purchasing an additional 557,703 shares in the last quarter. Finally, State Street Corp increased its position in Evolv Technologies by 19.3% during 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 during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EVLV. TD Cowen reissued a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings lowered Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $5.65 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.91. The firm has a 50-day moving average price of $6.34 and a 200 day moving average price of $6.19. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -24.56 and a beta of 1.76.

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