Evolv Technologies Holdings, Inc. $EVLV Stock Holdings Lifted by Sei Investments Co.

Key Points

• Sei Investments Co. increased its Evolv Technologies stake by 289.8% in the first quarter, holding 239,710 shares valued at approximately $1.45 million. Institutional investors collectively own 66.65% of EVLV.
• Other major holders also expanded their positions, including Vanguard, Emerald Advisers, Millennium Management and Geode Capital, while Stoic Point Capital initiated a new stake.
• Analysts maintain a mixed outlook, with a consensus rating of “Hold” and a $9.67 price target. Evolv recently beat quarterly revenue and adjusted-loss expectations, reporting $46.33 million in revenue and a $0.03 loss per share.

Sei Investments Co. increased its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 289.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,710 shares of the company's stock after acquiring an additional 178,215 shares during the quarter. Sei Investments Co. owned 0.13% of Evolv Technologies worth $1,450,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EVLV. Vanguard Group Inc. grew its position in Evolv Technologies by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company's stock worth $98,700,000 after purchasing an additional 1,802,928 shares in the last quarter. Stoic Point Capital Management LLC purchased a new stake in shares of Evolv Technologies in the fourth quarter valued at $40,724,000. Emerald Advisers LLC boosted its position in shares of Evolv Technologies by 3.9% in the first quarter. Emerald Advisers LLC now owns 4,333,055 shares of the company's stock worth $26,215,000 after buying an additional 161,812 shares during the period. Millennium Management LLC boosted its position in shares of Evolv Technologies by 194.6% in the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company's stock worth $31,616,000 after buying an additional 2,766,335 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Evolv Technologies by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company's stock valued at $26,357,000 after buying an additional 557,703 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EVLV shares. Zacks Research lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Weiss Ratings raised Evolv Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 2nd. Finally, TD Cowen reiterated a "buy" rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $9.67.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $5.86 on Tuesday. The business's 50-day moving average price is $5.84 and its two-hundred day moving average price is $5.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.14. Evolv Technologies Holdings, Inc. has a one year low of $4.86 and a one year high of $8.91. The company has a market capitalization of $1.05 billion, a P/E ratio of -25.48 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The company had revenue of $46.33 million during the quarter, compared to the consensus estimate of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. Analysts anticipate 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.

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