Los Angeles Capital Management LLC Makes New $817,000 Investment in Evolv Technologies Holdings, Inc. $EVLV

Los Angeles Capital Management LLC acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the second quarter, Holdings Channel.com reports. The firm acquired 130,978 shares of the company’s stock, valued at approximately $817,000.

Several other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Evolv Technologies during the first quarter worth $50,000. Vanguard Group Inc. raised its stake in Evolv Technologies by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,402,716 shares of the company’s stock valued at $29,336,000 after buying an additional 477,124 shares in the last quarter. SouthState Corp lifted its holdings in Evolv Technologies by 420.1% during the 1st quarter. SouthState Corp now owns 18,571 shares of the company’s stock worth $58,000 after buying an additional 15,000 shares during the last quarter. Nuveen LLC purchased a new stake in Evolv Technologies during the 1st quarter worth about $977,000. Finally, American Century Companies Inc. boosted its position in shares of Evolv Technologies by 6.1% during the 1st quarter. American Century Companies Inc. now owns 63,315 shares of the company’s stock worth $198,000 after acquiring an additional 3,633 shares in the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EVLV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. TD Cowen reaffirmed a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research report on Friday, August 15th. Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Cantor Fitzgerald upped their price objective on shares of Evolv Technologies from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Finally, Lake Street Capital raised Evolv Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $5.50 to $9.00 in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.88.

Evolv Technologies Price Performance

Shares of Evolv Technologies stock opened at $6.58 on Friday. The firm’s fifty day simple moving average is $7.84 and its 200-day simple moving average is $6.71. Evolv Technologies Holdings, Inc. has a 12 month low of $2.48 and a 12 month high of $8.91. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -11.96 and a beta of 1.70.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies had a negative net margin of 73.04% and a negative return on equity of 76.80%. Evolv Technologies has set its FY 2025 guidance at EPS. Analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.

Insider Transactions at Evolv Technologies

In other Evolv Technologies news, major shareholder Gates Frontier, Llc sold 776,236 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $8.20, for a total transaction of $6,365,135.20. Following the completion of the sale, the insider directly owned 17,189,096 shares of the company’s stock, valued at $140,950,587.20. This represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anil Chitkara sold 120,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $8.20, for a total value of $984,000.00. Following the sale, the insider directly owned 1,275,100 shares of the company’s stock, valued at $10,455,820. The trade was a 8.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,911,445 shares of company stock worth $15,560,635. Company insiders own 11.30% of the company’s stock.

Evolv Technologies Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.