Hussman Strategic Advisors Inc. Invests $1.80 Million in Evolv Technologies Holdings, Inc. $EVLV

Key Points

• Hussman Strategic Advisors opened a new position in Evolv by acquiring 252,000 shares worth about $1.80 million, representing roughly 0.14% of the company; institutions overall own about 66.65% of EVLV, including Vanguard's ~11.98 million–share stake (~$90.5M).
• Earnings beat and analyst view: Evolv reported $0.06 EPS (vs. -$0.08 est.) and $38.5M revenue (vs. $36.44M est.), has a $1.31B market cap and negative P/E, and carries a consensus "Buy" rating with a $9.13 target.
• Insider activity: director Michael Ellenbogen sold 91,771 shares at an average $5.10 (reducing his stake to ~2.08M shares); corporate insiders own about 11.30% of the stock.

Hussman Strategic Advisors Inc. acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,000 shares of the company's stock, valued at approximately $1,804,000. Hussman Strategic Advisors Inc. owned 0.14% of Evolv Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Emerald Advisers LLC acquired a new position in Evolv Technologies in the third quarter valued at $19,780,000. Torray Investment Partners LLC acquired a new position in Evolv Technologies in the third quarter valued at $1,244,000. Vanguard Group Inc. lifted its holdings in Evolv Technologies by 17.1% in the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company's stock valued at $90,464,000 after buying an additional 1,750,073 shares during the period. Synovus Financial Corp acquired a new position in Evolv Technologies in the third quarter valued at $2,079,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Evolv Technologies in the third quarter valued at $1,302,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Evolv Technologies Trading Up 1.3%

NASDAQ EVLV opened at $7.29 on Friday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -34.71 and a beta of 1.82. Evolv Technologies Holdings, Inc. has a 52 week low of $4.00 and a 52 week high of $8.91. The business has a 50 day moving average price of $5.85 and a 200-day moving average price of $6.40. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The firm had revenue of $38.50 million during the quarter, compared to the consensus estimate of $36.44 million. Evolv Technologies had a negative return on equity of 30.45% and a negative net margin of 22.71%. As a group, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Evolv Technologies in a report on Tuesday, April 21st. Zacks Research upgraded Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Evolv Technologies presently has a consensus rating of "Buy" and a consensus target price of $9.13.

Insider Activity at Evolv Technologies

In other news, Director Michael Ellenbogen sold 91,771 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $5.10, for a total transaction of $468,032.10. Following the completion of the sale, the director owned 2,083,961 shares in the company, valued at $10,628,201.10. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.30% of the stock is currently owned by corporate insiders.

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.

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