196,815 Shares in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 196,815 shares of the company's stock, valued at approximately $777,000. Squarepoint Ops LLC owned approximately 0.12% of Evolv Technologies at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in Evolv Technologies by 317.1% in the fourth quarter. Marshall Wace LLP now owns 3,275,025 shares of the company's stock valued at $12,936,000 after acquiring an additional 2,489,825 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Evolv Technologies by 2,428.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company's stock valued at $6,036,000 after purchasing an additional 1,467,538 shares during the period. CenterBook Partners LP boosted its stake in shares of Evolv Technologies by 15.0% in the fourth quarter. CenterBook Partners LP now owns 3,008,643 shares of the company's stock valued at $11,884,000 after purchasing an additional 393,563 shares during the period. Vanguard Group Inc. grew its holdings in Evolv Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company's stock valued at $35,256,000 after purchasing an additional 238,963 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Evolv Technologies during the 4th quarter worth $899,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Trading Up 4.2%

NASDAQ EVLV traded up $0.22 during trading hours on Friday, reaching $5.52. 2,201,579 shares of the company traded hands, compared to its average volume of 1,999,467. The stock has a market capitalization of $905.26 million, a PE ratio of -39.43 and a beta of 1.68. Evolv Technologies Holdings, Inc. has a 12 month low of $2.04 and a 12 month high of $6.16. The company has a 50 day moving average of $4.28 and a two-hundred day moving average of $3.84.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.07. The business had revenue of $32.01 million for the quarter, compared to analyst estimates of $26.40 million. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. On average, equities research analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EVLV. Northland Securities raised shares of Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price objective for the company in a research report on Wednesday, May 21st. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. Wall Street Zen raised Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Cantor Fitzgerald upgraded Evolv Technologies to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Lake Street Capital lifted their price objective on Evolv Technologies from $4.00 to $5.50 and gave the stock a "hold" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.50.

Evolv Technologies Company 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.