Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 62.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 730,256 shares of the company’s stock after selling 1,217,357 shares during the quarter. Marshall Wace LLP owned approximately 0.47% of Evolv Technologies worth $1,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EVLV. MCF Advisors LLC lifted its stake in shares of Evolv Technologies by 84.5% in the first quarter. MCF Advisors LLC now owns 6,549 shares of the company’s stock worth $29,000 after buying an additional 3,000 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Evolv Technologies during the 1st quarter worth approximately $45,000. Foundations Investment Advisors LLC purchased a new stake in shares of Evolv Technologies in the second quarter valued at approximately $30,000. Sierra Summit Advisors LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter valued at approximately $71,000. Finally, Worth Financial Advisory Group LLC lifted its position in Evolv Technologies by 42.0% during the second quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company’s stock worth $38,000 after buying an additional 4,435 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $3.79 on Friday. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.73. The company has a market capitalization of $591.57 million, a P/E ratio of -6.21 and a beta of 1.25. The company has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.42.

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

Wall Street Analyst Weigh In

Separately, Northland Securities dropped their target price on Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.75.

Evolv Technologies Company 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.