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

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

Other hedge funds have also added to or reduced their stakes in the company. Autumn Glory Partners LLC bought a new position in shares of Evolv Technologies during the fourth quarter valued at approximately $40,000. Cibc World Markets Corp bought a new position in shares of Evolv Technologies in the 4th quarter worth $49,000. Clare Market Investments LLC bought a new stake in Evolv Technologies during the fourth quarter valued at about $71,000. KLP Kapitalforvaltning AS bought a new stake in Evolv Technologies during the fourth quarter valued at about $73,000. Finally, Ameriprise Financial Inc. bought a new position in Evolv Technologies in the fourth quarter worth about $74,000. 66.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EVLV has been the subject of several recent analyst reports. Northland Securities upgraded 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 note on Wednesday, May 21st. Wall Street Zen upgraded Evolv Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Lake Street Capital increased their price objective on shares of Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Northland Capmk raised shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. Finally, Cantor Fitzgerald raised shares of Evolv Technologies to a "strong-buy" rating 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.

Evolv Technologies Stock Down 0.4%

Shares of EVLV stock traded down $0.02 during mid-day trading on Thursday, hitting $5.31. 1,267,285 shares of the stock were exchanged, compared to its average volume of 1,987,079. Evolv Technologies Holdings, Inc. has a 52-week low of $2.04 and a 52-week high of $6.16. The firm has a fifty day moving average of $4.18 and a 200 day moving average of $3.80. The company has a market cap of $870.98 million, a PE ratio of -37.96 and a beta of 1.61.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping 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%. Equities 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.