Squarepoint Ops LLC Reduces Position in Evolv Technologies Holdings, Inc. $EVLV

Key Points

• Squarepoint Ops LLC cut its Evolv Technologies stake by 31.9% in the second quarter, selling 439,278 shares and retaining 937,741 shares worth approximately $5.44 million. Institutional investors collectively own 66.65% of the company.
• Evolv director Richard Shapiro purchased 19,100 shares at an average price of $4.96, nearly doubling his direct ownership to 39,000 shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $9.81, although the company missed quarterly EPS expectations despite reporting revenue above forecasts.

Squarepoint Ops LLC trimmed its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 31.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 937,741 shares of the company's stock after selling 439,278 shares during the quarter. Squarepoint Ops LLC owned approximately 0.52% of Evolv Technologies worth $5,439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CW Advisors LLC grew its position in Evolv Technologies by 19.0% in the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company's stock valued at $79,000 after acquiring an additional 2,014 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Evolv Technologies by 16.5% during the third quarter. Victory Capital Management Inc. now owns 15,601 shares of the company's stock worth $118,000 after purchasing an additional 2,206 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Evolv Technologies by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company's stock valued at $58,000 after purchasing an additional 2,500 shares during the period. Advisory Services Network LLC grew its holdings in shares of Evolv Technologies by 13.2% in the fourth quarter. Advisory Services Network LLC now owns 22,694 shares of the company's stock worth $162,000 after purchasing an additional 2,651 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Evolv Technologies by 38.3% in the second quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company's stock worth $81,000 after purchasing an additional 3,596 shares during the last quarter. 66.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Evolv Technologies

In related news, Director Richard Shapiro acquired 19,100 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average cost of $4.96 per share, for a total transaction of $94,736.00. Following the purchase, the director directly owned 39,000 shares of the company's stock, valued at $193,440. This trade represents a 95.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen reiterated a "buy" rating and set a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Craig Hallum restated a "buy" rating and issued a $11.25 target price on shares of Evolv Technologies in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Evolv Technologies from a "sell" rating to a "hold" rating in a research note on Sunday, August 30th. LADENBURG THALM/SH SH began coverage on Evolv Technologies in a report on Tuesday. They issued a "buy" rating and a $8.00 price target for the company. Finally, Zacks Research downgraded Evolv Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.81.

Evolv Technologies Price Performance

Shares of EVLV opened at $4.95 on Friday. The company has a 50 day moving average price of $5.55 and a 200-day moving average price of $5.84. Evolv Technologies Holdings, Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $8.81. The stock has a market capitalization of $896.59 million, a PE ratio of -165.00 and a beta of 1.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $43.75 million for the quarter, compared to analysts' expectations of $41.80 million. Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%. Equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Evolv Technologies Profile

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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