Y Intercept Hong Kong Ltd Invests $1.30 Million in Evolv Technologies Holdings, Inc. $EVLV

Y Intercept Hong Kong Ltd bought a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the third quarter, Holdings Channel reports. The firm bought 172,436 shares of the company’s stock, valued at approximately $1,302,000.

Several other institutional investors have also added to or reduced their stakes in EVLV. State of Alaska Department of Revenue purchased a new stake in shares of Evolv Technologies during the 3rd quarter worth approximately $60,000. CW Advisors LLC grew its holdings in shares of Evolv Technologies by 19.0% in the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after purchasing an additional 2,014 shares in the last quarter. BNP Paribas Financial Markets increased its position in 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. Farther Finance Advisors LLC raised its stake in Evolv Technologies by 214.8% during the third quarter. Farther Finance Advisors LLC now owns 12,304 shares of the company’s stock valued at $93,000 after purchasing an additional 8,396 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in Evolv Technologies during the second quarter valued at $94,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

EVLV stock opened at $6.19 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of -16.73 and a beta of 1.85. Evolv Technologies Holdings, Inc. has a 12 month low of $2.64 and a 12 month high of $8.91. The company has a 50-day moving average price of $6.67 and a 200 day moving average price of $7.20. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. The company had revenue of $42.85 million for the quarter, compared to analyst estimates of $33.73 million. Equities research analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EVLV shares. Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. Finally, Lake Street Capital upped their price objective on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.13.

Insider Buying and Selling

In related news, Director Michael Ellenbogen sold 80,745 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $6.20, for a total transaction of $500,619.00. Following the completion of the transaction, the director owned 2,083,961 shares in the company, valued at $12,920,558.20. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin M. Charlton acquired 15,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $5.68 per share, for a total transaction of $85,200.00. Following the transaction, the director directly owned 44,081 shares in the company, valued at $250,380.08. The trade was a 51.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 61,300 shares of company stock valued at $363,326. Insiders own 11.30% of the company’s stock.

Evolv Technologies Company 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.