164,807 Shares in Evolv Technologies Holdings, Inc. $EVLV Bought by Torray Investment Partners LLC

Torray Investment Partners LLC acquired a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 164,807 shares of the company’s stock, valued at approximately $1,244,000. Torray Investment Partners LLC owned 0.10% of Evolv Technologies at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. SCS Capital Management LLC bought a new position in shares of Evolv Technologies in the 1st quarter worth about $15,061,000. Marshall Wace LLP grew its holdings in Evolv Technologies by 74.4% in the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock worth $24,331,000 after purchasing an additional 1,662,797 shares during the period. Key Colony Management LLC grew its holdings in Evolv Technologies by 5.5% in the third quarter. Key Colony Management LLC now owns 3,275,095 shares of the company’s stock worth $24,727,000 after purchasing an additional 170,095 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Evolv Technologies during the second quarter valued at approximately $7,041,000. Finally, Metavasi Capital LP purchased a new position in shares of Evolv Technologies during the second quarter valued at approximately $4,874,000. Institutional investors own 66.65% of the company’s stock.

Insiders Place Their Bets

In other Evolv Technologies news, Director Kevin M. Charlton acquired 15,000 shares of Evolv Technologies stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average cost of $5.68 per share, for a total transaction of $85,200.00. Following the acquisition, the director owned 44,081 shares of the company’s stock, valued at $250,380.08. This represents a 51.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anil Chitkara sold 120,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $8.20, for a total transaction of $984,000.00. Following the transaction, the insider owned 1,275,100 shares in the company, valued at $10,455,820. This represents a 8.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 61,300 shares of company stock valued at $363,326 and have sold 440,745 shares valued at $3,618,954. 11.30% of the stock is owned by corporate insiders.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $7.31 on Tuesday. Evolv Technologies Holdings, Inc. has a twelve month low of $2.64 and a twelve month high of $8.91. The firm has a market cap of $1.28 billion, a P/E ratio of -19.76 and a beta of 1.85. The company has a 50 day moving average of $6.77 and a 200 day moving average of $7.13. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The business had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. As a group, research analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EVLV has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Wednesday, October 8th. Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Lake Street Capital raised their price target on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Evolv Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $9.13.

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.