Data Collective IV GP LLC Has $32.86 Million Stock Position in Evolv Technologies Holdings, Inc. $EVLV

by · The Markets Daily

Data Collective IV GP LLC decreased its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Free Report) by 8.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,590,000 shares of the company’s stock after selling 410,000 shares during the period. Evolv Technologies makes up about 56.2% of Data Collective IV GP LLC’s portfolio, making the stock its largest position. Data Collective IV GP LLC’s holdings in Evolv Technologies were worth $32,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Evolv Technologies by 17.1% during the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock valued at $90,464,000 after buying an additional 1,750,073 shares during the last quarter. Synovus Financial Corp purchased a new position in shares of Evolv Technologies during the third quarter valued at approximately $2,079,000. Greenwood Gearhart Inc. purchased a new position in shares of Evolv Technologies during the fourth quarter valued at approximately $1,432,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Evolv Technologies during the fourth quarter valued at approximately $1,804,000. Finally, SG Americas Securities LLC boosted its position in shares of Evolv Technologies by 637.1% during the fourth quarter. SG Americas Securities LLC now owns 693,269 shares of the company’s stock valued at $4,964,000 after buying an additional 599,215 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on EVLV shares. TD Cowen reaffirmed a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a research report on Tuesday, June 9th. Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research 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’s stock. According to data from MarketBeat.com, Evolv Technologies presently has a consensus rating of “Hold” and a consensus price target of $9.67.

Get Our Latest Research Report on Evolv Technologies

Evolv Technologies Stock Down 3.4%

EVLV stock opened at $5.92 on Wednesday. The stock’s fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $6.21. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. Evolv Technologies Holdings, Inc. has a 1-year low of $4.86 and a 1-year high of $8.91. The stock has a market cap of $1.06 billion, a P/E ratio of -25.74 and a beta of 1.76.

Evolv Technologies (NASDAQ:EVLV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share 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 analysts’ expectations of $44.23 million. Analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current year.

Evolv Technologies Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EVLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Free Report).