Hussman Strategic Advisors Inc. Invests $1.80 Million in Evolv Technologies Holdings, Inc. $EVLV

Hussman Strategic Advisors Inc. bought a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 4th quarter, HoldingsChannel reports. The fund bought 252,000 shares of the company’s stock, valued at approximately $1,804,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EVLV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Evolv Technologies by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock worth $249,000 after buying an additional 5,050 shares in the last quarter. Creative Planning bought a new stake in Evolv Technologies during the second quarter worth $189,000. JPMorgan Chase & Co. grew its holdings in Evolv Technologies by 192.6% during the second quarter. JPMorgan Chase & Co. now owns 221,915 shares of the company’s stock worth $1,385,000 after buying an additional 146,067 shares in the last quarter. Prudential Financial Inc. bought a new stake in Evolv Technologies during the second quarter worth $94,000. Finally, CW Advisors LLC grew its holdings in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after buying an additional 2,014 shares in the last quarter. 66.65% of the stock is owned by institutional investors.

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the transaction, the director owned 2,083,961 shares in the company, valued at $10,628,201.10. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Evolv Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Evolv Technologies has an average rating of “Buy” and a consensus target price of $9.13.

Evolv Technologies Stock Up 1.3%

Shares of NASDAQ:EVLV opened at $7.29 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of -34.71 and a beta of 1.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.15. The business has a fifty day moving average price of $5.85 and a two-hundred day moving average price of $6.40. Evolv Technologies Holdings, Inc. has a 1 year low of $4.00 and a 1 year high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $38.50 million during the quarter, compared to the consensus estimate of $36.44 million. Evolv Technologies had a negative return on equity of 30.45% and a negative net margin of 22.71%. Analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

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.