Vanguard Group Inc. Acquires 1,750,073 Shares of Evolv Technologies Holdings, Inc. $EVLV

Vanguard Group Inc. lifted its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,981,998 shares of the company’s stock after purchasing an additional 1,750,073 shares during the quarter. Vanguard Group Inc. owned 6.97% of Evolv Technologies worth $90,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Evolv Technologies during the 3rd quarter worth approximately $60,000. Jones Financial Companies Lllp boosted its holdings in shares of Evolv Technologies by 29.1% in the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after buying an additional 2,266 shares during the period. Farther Finance Advisors LLC increased its position in shares of Evolv Technologies by 214.8% during the third quarter. Farther Finance Advisors LLC now owns 12,304 shares of the company’s stock worth $93,000 after acquiring an additional 8,396 shares in the last quarter. CW Advisors LLC increased its position in shares of Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after acquiring an additional 2,014 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings 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 during the period. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.47, for a total transaction of $441,675.15. Following the sale, the director owned 2,083,961 shares in the company, valued at approximately $11,399,266.67. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.30% of the company’s stock.

Analyst Upgrades and Downgrades

EVLV has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. Lake Street Capital boosted 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 investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Evolv Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Evolv Technologies Stock Down 1.7%

Shares of EVLV stock opened at $5.19 on Friday. The firm’s fifty day moving average price is $6.09 and its two-hundred day moving average price is $6.98. 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 Holdings, Inc. has a 1 year low of $2.64 and a 1 year high of $8.91. The firm has a market capitalization of $906.28 million, a P/E ratio of -14.03 and a beta of 1.89.

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.