Peregrine Capital Management LLC Makes New Investment in Evolv Technologies Holdings, Inc. $EVLV

Peregrine Capital Management LLC acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,606,982 shares of the company’s stock, valued at approximately $9,722,000. Peregrine Capital Management LLC owned about 0.90% of Evolv Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Evolv Technologies by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after buying an additional 1,802,928 shares during the period. Stoic Point Capital Management LLC bought a new stake in Evolv Technologies in the 4th quarter worth $40,724,000. Millennium Management LLC grew its holdings in Evolv Technologies by 194.6% in the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after acquiring an additional 2,766,335 shares during the last quarter. Geode Capital Management LLC grew its holdings in Evolv Technologies by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock worth $26,357,000 after acquiring an additional 557,703 shares during the last quarter. Finally, State Street Corp increased its position in shares of Evolv Technologies by 19.3% in the fourth quarter. State Street Corp now owns 3,318,905 shares of the company’s stock valued at $23,763,000 after acquiring an additional 537,215 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

EVLV has been the subject of several recent analyst reports. TD Cowen reaffirmed a “buy” rating and set a $10.00 price objective on shares of Evolv Technologies in a research note on Tuesday, June 9th. Weiss Ratings cut Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Evolv Technologies currently has a consensus rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $5.80 on Wednesday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -25.22 and a beta of 1.76. The stock has a fifty day moving average of $6.23 and a 200 day moving average of $6.14. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.91. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The business had revenue of $46.33 million for the quarter, compared to the consensus estimate of $44.23 million. As a group, research analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

About Evolv Technologies

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.