Creek Drive Management Group LLC Acquires Shares of 200,000 Evolv Technologies Holdings, Inc. $EVLV

Creek Drive Management Group LLC acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $1,432,000. Creek Drive Management Group LLC owned about 0.11% of Evolv Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CW Advisors LLC grew its stake in Evolv Technologies by 19.0% during the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after buying an additional 2,014 shares during the last quarter. Arizona State Retirement System lifted its stake in Evolv Technologies by 6.5% in the fourth quarter. Arizona State Retirement System now owns 33,648 shares of the company’s stock valued at $241,000 after buying an additional 2,067 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Evolv Technologies by 16.5% in the third quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after acquiring an additional 2,206 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Evolv Technologies by 13.2% in the fourth quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after acquiring an additional 2,651 shares during the period. Finally, FNY Investment Advisers LLC grew its position in shares of Evolv Technologies by 48.3% during the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after acquiring an additional 2,897 shares during the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $5.65 on Friday. The stock’s 50-day moving average price is $6.34 and its 200 day moving average price is $6.19. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.02 billion, a PE ratio of -24.56 and a beta of 1.76. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $46.33 million for the quarter, compared to the consensus estimate of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. As a group, equities research analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen reaffirmed a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings cut shares of Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.