Peregrine Capital Management LLC Makes New $9.72 Million Investment in Evolv Technologies Holdings, Inc. $EVLV

Peregrine Capital Management LLC bought a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,606,982 shares of the company’s stock, valued at approximately $9,722,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Evolv Technologies by 277.6% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 66,556 shares of the company’s stock valued at $403,000 after purchasing an additional 48,928 shares in the last quarter. ARS Investment Partners LLC bought a new position in Evolv Technologies in the first quarter worth $285,000. Creek Drive Management Group LLC purchased a new position in Evolv Technologies during the fourth quarter valued at $1,432,000. Caitong International Asset Management Co. Ltd lifted its position in Evolv Technologies by 548.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,728 shares of the company’s stock valued at $55,000 after buying an additional 6,536 shares during the period. Finally, Alpine Global Management LLC bought a new stake in shares of Evolv Technologies during the 4th quarter valued at $83,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research report on Tuesday, June 9th. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $5.80 on Wednesday. Evolv Technologies Holdings, Inc. has a twelve month low of $4.86 and a twelve month high of $8.91. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.04 billion, a P/E ratio of -25.22 and a beta of 1.76. The stock’s 50 day moving average is $6.23 and its 200 day moving average is $6.14.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $44.23 million. On average, equities research analysts predict that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Evolv Technologies 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.