SG Americas Securities LLC Grows Position in Evolv Technologies Holdings, Inc. $EVLV

SG Americas Securities LLC grew its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 637.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 693,269 shares of the company’s stock after buying an additional 599,215 shares during the period. SG Americas Securities LLC’s holdings in Evolv Technologies were worth $4,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of Evolv Technologies during the 3rd quarter valued at approximately $60,000. Pekin Hardy Strauss Inc. purchased a new position in Evolv Technologies in the 3rd quarter valued at approximately $76,000. Jones Financial Companies Lllp raised its holdings in Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after acquiring an additional 2,266 shares during the period. CW Advisors LLC raised its holdings in Evolv Technologies by 19.0% during 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 period. Finally, BNP Paribas Financial Markets lifted its position in shares of Evolv Technologies by 38.3% during the second quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock worth $81,000 after acquiring an additional 3,596 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was 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. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 253,261 shares of company stock worth $1,410,326 in the last three months. 11.30% of the stock is owned by insiders.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $6.02 on Thursday. Evolv Technologies Holdings, Inc. has a 1-year low of $2.64 and a 1-year high of $8.91. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.08 billion, a PE ratio of -28.67 and a beta of 1.78. The firm’s 50 day simple moving average is $5.61 and its 200 day simple moving average is $6.63.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.