CenterBook Partners LP Has $7.70 Million Stake in Evolv Technologies Holdings, Inc. $EVLV

CenterBook Partners LP increased its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 252.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,075,877 shares of the company’s stock after acquiring an additional 770,791 shares during the period. CenterBook Partners LP owned about 0.62% of Evolv Technologies worth $7,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Evolv Technologies by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after acquiring an additional 1,802,928 shares during the period. Millennium Management LLC raised its holdings in shares of Evolv Technologies by 194.6% during the third 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 period. Geode Capital Management LLC raised its holdings in shares of Evolv Technologies by 17.9% during the fourth 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 period. Two Sigma Investments LP raised its holdings in shares of Evolv Technologies by 88.3% during the third 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 period. Finally, Mittelman Wealth Management bought a new position in Evolv Technologies in the third quarter valued at $11,415,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Evolv Technologies Price Performance

Evolv Technologies stock opened at $5.91 on Monday. The company has a market cap of $1.06 billion, a P/E ratio of -25.69 and a beta of 1.76. Evolv Technologies Holdings, Inc. has a 1-year low of $4.86 and a 1-year high of $8.91. The company has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $6.21. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24.

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