Evolv Technologies Holdings, Inc. $EVLV Shares Sold by Data Collective IV GP LLC

Data Collective IV GP LLC cut its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 48.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000,000 shares of the company’s stock after selling 4,681,281 shares during the quarter. Evolv Technologies accounts for about 55.5% of Data Collective IV GP LLC’s holdings, making the stock its biggest holding. Data Collective IV GP LLC’s holdings in Evolv Technologies were worth $37,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EVLV. Emerald Advisers LLC acquired a new position in shares of Evolv Technologies in the third quarter valued at approximately $19,780,000. Vanguard Group Inc. raised its holdings in Evolv Technologies by 17.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock valued at $90,464,000 after buying an additional 1,750,073 shares during the last quarter. Marshall Wace LLP boosted its position in Evolv Technologies by 74.4% during the 2nd quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock worth $24,331,000 after buying an additional 1,662,797 shares during the period. Emerald Mutual Fund Advisers Trust bought a new stake in Evolv Technologies during the 3rd quarter worth approximately $10,268,000. Finally, Two Sigma Investments LP grew its holdings in Evolv Technologies by 88.3% during the 3rd quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock worth $21,055,000 after acquiring an additional 1,307,955 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.13.

Insiders Place Their Bets

In other news, Director Michael Ellenbogen sold 91,771 shares of Evolv Technologies stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $5.10, for a total transaction of $468,032.10. Following the completion of the transaction, the director directly owned 2,083,961 shares in the company, valued at $10,628,201.10. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 253,261 shares of company stock worth $1,410,326 in the last 90 days. Corporate insiders own 11.30% of the company’s stock.

Evolv Technologies Stock Up 0.8%

Shares of NASDAQ EVLV opened at $5.11 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The firm has a market cap of $916.48 million, a PE ratio of -24.33 and a beta of 1.89. The company’s fifty day simple moving average is $5.89 and its 200 day simple moving average is $6.84. Evolv Technologies Holdings, Inc. has a 12-month low of $2.64 and a 12-month high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. The firm had revenue of $38.50 million during the quarter, compared to the consensus estimate of $36.44 million. As a group, sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 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.