Apis Capital Advisors LLC Sells 60,000 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Apis Capital Advisors LLC trimmed its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 30.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 140,000 shares of the company’s stock after selling 60,000 shares during the quarter. Apis Capital Advisors LLC owned about 0.09% of Evolv Technologies worth $357,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Key Colony Management LLC lifted its position in Evolv Technologies by 64.5% during the first quarter. Key Colony Management LLC now owns 4,577,027 shares of the company’s stock worth $20,368,000 after purchasing an additional 1,795,099 shares during the period. Glenview Capital Management LLC boosted its position in shares of Evolv Technologies by 21.7% during the 4th quarter. Glenview Capital Management LLC now owns 5,599,039 shares of the company’s stock worth $26,427,000 after acquiring an additional 1,000,000 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in Evolv Technologies in the first quarter valued at approximately $2,897,000. Vanguard Group Inc. raised its position in Evolv Technologies by 6.0% during the first quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company’s stock valued at $32,013,000 after purchasing an additional 407,396 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC bought a new stake in Evolv Technologies during the second quarter worth $510,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Northland Securities decreased their price target on Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.75.

Evolv Technologies Price Performance

Shares of NASDAQ:EVLV opened at $4.47 on Monday. The firm has a 50 day simple moving average of $3.58 and a 200 day simple moving average of $3.39. The company has a market cap of $697.71 million, a price-to-earnings ratio of -7.33 and a beta of 1.25. Evolv Technologies Holdings, Inc. has a one year low of $2.01 and a one year high of $5.73.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.15. The company had revenue of $25.54 million for the quarter, compared to the consensus estimate of $23.57 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. As a group, analysts expect that Evolv Technologies Holdings, Inc. will post -0.26 EPS for the current year.

Evolv Technologies Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.