Hamilton Lane Advisors LLC Has $177,000 Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Hamilton Lane Advisors LLC lowered its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 60.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 56,791 shares of the company's stock after selling 88,248 shares during the period. Evolv Technologies accounts for 0.2% of Hamilton Lane Advisors LLC's portfolio, making the stock its 13th biggest holding. Hamilton Lane Advisors LLC's holdings in Evolv Technologies were worth $177,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Autumn Glory Partners LLC acquired a new stake in shares of Evolv Technologies during the fourth quarter worth approximately $40,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Evolv Technologies in the fourth quarter valued at approximately $40,000. Cibc World Markets Corp bought a new position in shares of Evolv Technologies in the fourth quarter valued at approximately $49,000. Clare Market Investments LLC bought a new position in Evolv Technologies during the fourth quarter worth $71,000. Finally, KLP Kapitalforvaltning AS bought a new position in Evolv Technologies during the fourth quarter worth $73,000. Institutional investors own 66.65% of the company's stock.

Evolv Technologies Trading Up 4.2%

EVLV stock traded up $0.22 during trading on Friday, hitting $5.52. 2,201,579 shares of the stock traded hands, compared to its average volume of 1,999,468. Evolv Technologies Holdings, Inc. has a one year low of $2.04 and a one year high of $6.16. The stock has a market cap of $905.26 million, a price-to-earnings ratio of -39.43 and a beta of 1.68. The company has a 50 day simple moving average of $4.28 and a 200 day simple moving average of $3.84.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. The firm had revenue of $32.01 million during the quarter, compared to the consensus estimate of $26.40 million. As a group, analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EVLV shares. Cantor Fitzgerald raised shares of Evolv Technologies to a "strong-buy" rating in a report on Wednesday, May 21st. Northland Capmk raised shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Northland Securities raised shares of Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price target on the stock in a report on Wednesday, May 21st. Lake Street Capital boosted their price target on shares of Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen raised shares of Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.50.

About Evolv Technologies

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.