Keewaydin Investments LLC Invests $4.58 Million in Evolv Technologies Holdings, Inc. $EVLV

Keewaydin Investments LLC acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 639,475 shares of the company’s stock, valued at approximately $4,579,000. Evolv Technologies makes up about 1.2% of Keewaydin Investments LLC’s portfolio, making the stock its 6th largest holding. Keewaydin Investments LLC owned approximately 0.37% of Evolv Technologies at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC raised its stake in shares of Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after acquiring an additional 2,897 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter valued at $72,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Evolv Technologies in the third quarter valued at $76,000. Jones Financial Companies Lllp raised its stake 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 acquiring an additional 2,266 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter valued at $79,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Evolv Technologies Stock Down 4.8%

EVLV opened at $6.41 on Thursday. The business’s 50-day simple moving average is $6.34 and its 200-day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.21. Evolv Technologies Holdings, Inc. has a one year low of $4.86 and a one year high of $8.91. The stock has a market capitalization of $1.15 billion, a P/E ratio of -27.87 and a beta of 1.76.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%.The business had revenue of $46.33 million for the quarter, compared to analysts’ expectations of $44.23 million. Analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity at Evolv Technologies

In other news, Director Michael Ellenbogen sold 91,771 shares of Evolv Technologies 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 sale, the director owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EVLV shares. Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Evolv Technologies currently has an average rating of “Hold” and an average price target of $9.67.

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.