Hamilton Lane Advisors LLC Sells 88,248 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Hamilton Lane Advisors LLC cut its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 60.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,791 shares of the company's stock after selling 88,248 shares during the quarter. Evolv Technologies makes up 0.2% of Hamilton Lane Advisors LLC's investment 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Autumn Glory Partners LLC acquired a new stake in Evolv Technologies during the 4th quarter valued at $40,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Evolv Technologies in the fourth quarter worth about $40,000. Cibc World Markets Corp acquired a new position in shares of Evolv Technologies during the fourth quarter worth $49,000. Clare Market Investments LLC purchased a new stake in shares of Evolv Technologies during the fourth quarter worth about $71,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Evolv Technologies during the fourth quarter worth approximately $73,000. Hedge funds and other institutional investors own 66.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Lake Street Capital upped 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. Northland Capmk upgraded Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Cantor Fitzgerald upgraded Evolv Technologies to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Northland Securities upgraded 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV traded down $0.16 during mid-day trading on Wednesday, hitting $5.33. The company had a trading volume of 2,296,034 shares, compared to its average volume of 1,987,916. The firm has a market cap of $874.10 million, a P/E ratio of -38.07 and a beta of 1.61. Evolv Technologies Holdings, Inc. has a 12 month low of $2.04 and a 12 month high of $6.16. The business's 50-day simple moving average is $4.14 and its 200-day simple moving average is $3.79.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted 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. The business had revenue of $32.01 million for the quarter, compared to analysts' expectations of $26.40 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. As a group, sell-side analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.

Evolv Technologies Profile

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.