Militia Capital Partners LP Has $811,000 Stock Holdings in Evolv Technologies Holdings, Inc. $EVLV

Key Points

• Militia Capital Partners LP increased its holdings in Evolv Technologies by 108%, acquiring an additional 135,000 shares during the first quarter, bringing their total to 260,000 shares valued at approximately $811,000.
• Evolv Technologies reported a loss of ($0.25) EPS for the last quarter, missing analyst expectations, and had a revenue of $26.68 million compared to forecasts of $30.95 million.
• Several analysts have raised their ratings on Evolv Technologies, with Northland Capital upgrading to a "strong-buy" and Cantor Fitzgerald increasing their target price to $9.00.

Militia Capital Partners LP raised its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 108.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 260,000 shares of the company's stock after acquiring an additional 135,000 shares during the quarter. Militia Capital Partners LP owned about 0.16% of Evolv Technologies worth $811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new position in Evolv Technologies in the fourth quarter valued at approximately $40,000. CW Advisors LLC bought a new position in Evolv Technologies in the first quarter valued at approximately $33,000. Teacher Retirement System of Texas bought a new position in Evolv Technologies in the first quarter valued at approximately $50,000. PDT Partners LLC bought a new position in Evolv Technologies in the first quarter valued at approximately $57,000. Finally, SouthState Corp boosted its stake in Evolv Technologies by 420.1% in the first quarter. SouthState Corp now owns 18,571 shares of the company's stock valued at $58,000 after acquiring an additional 15,000 shares during the last quarter. 66.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EVLV has been the topic of a number of recent research reports. Cantor Fitzgerald raised their price objective on shares of Evolv Technologies from $7.00 to $9.00 and gave the company an "overweight" rating in a research note on Friday, August 15th. Wall Street Zen upgraded shares of Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. TD Cowen reiterated a "buy" rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Friday, August 15th. Northland Capmk upgraded shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Finally, Zacks Research lowered shares of Evolv Technologies from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.88.

Insider Transactions at Evolv Technologies

In other news, major shareholder Gates Frontier, Llc sold 776,236 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $8.20, for a total transaction of $6,365,135.20. Following the transaction, the insider directly owned 17,189,096 shares in the company, valued at $140,950,587.20. The trade was a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.30% of the company's stock.

Evolv Technologies Stock Down 0.7%

Shares of NASDAQ:EVLV traded down $0.06 during midday trading on Wednesday, reaching $8.32. 1,197,983 shares of the company were exchanged, compared to its average volume of 2,474,320. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.04 and a fifty-two week high of $8.91. The stock has a fifty day simple moving average of $7.30 and a two-hundred day simple moving average of $5.38. The firm has a market cap of $1.43 billion, a PE ratio of -15.17 and a beta of 1.71.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.16). Evolv Technologies had a negative net margin of 73.04% and a negative return on equity of 76.80%. The business had revenue of $26.68 million during the quarter, compared to analyst estimates of $30.95 million. Evolv Technologies has set its FY 2025 guidance at EPS. As a group, analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share 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.