Greenwood Gearhart Inc. Invests $1.43 Million in Evolv Technologies Holdings, Inc. $EVLV

Greenwood Gearhart Inc. bought a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, Holdings Channel.com reports. The fund bought 200,000 shares of the company’s stock, valued at approximately $1,432,000.

Several other hedge funds also recently made changes to their positions in the business. K.J. Harrison & Partners Inc bought a new position in Evolv Technologies in the fourth quarter valued at approximately $358,000. Hussman Strategic Advisors Inc. bought a new position in Evolv Technologies in the fourth quarter valued at approximately $1,804,000. Oppenheimer & Co. Inc. increased its stake in Evolv Technologies by 5.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 54,512 shares of the company’s stock valued at $390,000 after acquiring an additional 3,000 shares during the last quarter. Pekin Hardy Strauss Inc. increased its stake in Evolv Technologies by 310.0% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 41,000 shares of the company’s stock valued at $294,000 after acquiring an additional 31,000 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Evolv Technologies in the fourth quarter valued at approximately $315,000. 66.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EVLV. Zacks Research raised shares of Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.13.

Insider Buying and Selling at Evolv Technologies

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.10, for a total transaction of $468,032.10. Following the sale, the director owned 2,083,961 shares of the company’s stock, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.30% of the company’s stock.

Evolv Technologies Stock Performance

NASDAQ EVLV opened at $7.05 on Friday. The firm’s fifty day moving average price is $5.98 and its two-hundred day moving average price is $6.37. The stock has a market cap of $1.27 billion, a PE ratio of -33.57 and a beta of 1.82. Evolv Technologies Holdings, Inc. has a fifty-two week low of $4.07 and a fifty-two week high of $8.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.23.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, March 10th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $38.50 million for the quarter, compared to analysts’ expectations of $36.44 million. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. On average, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

About Evolv Technologies

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.