G2 Investment Partners Management LLC Decreases Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

G2 Investment Partners Management LLC decreased its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLVFree Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,018,847 shares of the company’s stock after selling 40,618 shares during the period. Evolv Technologies comprises about 2.8% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 7th biggest position. G2 Investment Partners Management LLC’s holdings in Evolv Technologies were worth $9,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Glenview Capital Management LLC raised its position in Evolv Technologies by 21.7% in the 4th quarter. Glenview Capital Management LLC now owns 5,599,039 shares of the company’s stock worth $26,427,000 after purchasing an additional 1,000,000 shares during the period. Platform Technology Partners boosted its stake in shares of Evolv Technologies by 123.8% during the 4th quarter. Platform Technology Partners now owns 79,376 shares of the company’s stock valued at $375,000 after purchasing an additional 43,906 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Evolv Technologies by 1,011.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,391 shares of the company’s stock worth $101,000 after acquiring an additional 19,467 shares in the last quarter. Edge Capital Group LLC boosted its stake in Evolv Technologies by 1.2% during the fourth quarter. Edge Capital Group LLC now owns 4,819,327 shares of the company’s stock worth $22,747,000 after acquiring an additional 56,500 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its stake in Evolv Technologies by 92.0% during the fourth quarter. Axiom Investors LLC DE now owns 365,155 shares of the company’s stock worth $1,724,000 after acquiring an additional 175,000 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Insider Buying and Selling at Evolv Technologies

In other Evolv Technologies news, insider Anil Chitkara sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $5.00, for a total transaction of $250,000.00. Following the transaction, the insider now owns 1,200,157 shares of the company’s stock, valued at approximately $6,000,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EVLV has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 target price on shares of Evolv Technologies in a research note on Thursday, March 28th. TD Cowen decreased their price objective on shares of Evolv Technologies from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, May 10th. Craig Hallum began coverage on shares of Evolv Technologies in a report on Monday, May 20th. They set a “buy” rating and a $5.75 target price for the company. Finally, Lake Street Capital cut shares of Evolv Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from $6.00 to $3.50 in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.65.

View Our Latest Research Report on EVLV

Evolv Technologies Stock Performance

Shares of EVLV remained flat at $2.40 during midday trading on Thursday. 534,650 shares of the stock traded hands, compared to its average volume of 1,528,871. Evolv Technologies Holdings, Inc. has a 1-year low of $2.01 and a 1-year high of $8.30. The stock has a market capitalization of $374.62 million, a price-to-earnings ratio of -3.90 and a beta of 1.27. The company’s 50-day moving average is $3.46 and its 200 day moving average is $4.08.

Evolv Technologies (NASDAQ:EVLVGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. The company had revenue of $21.67 million for the quarter, compared to the consensus estimate of $23.17 million. Evolv Technologies had a negative net margin of 106.93% and a negative return on equity of 45.57%. During the same quarter last year, the firm posted ($0.15) EPS. As a group, sell-side analysts predict that Evolv Technologies Holdings, Inc. will post -0.37 earnings per share for the current year.

Evolv Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evolv Technologies (NASDAQ:EVLV)

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