Lisanti Capital Growth LLC Makes New Investment in Evolv Technologies Holdings, Inc. $EVLV

Lisanti Capital Growth LLC purchased a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 3rd quarter, Holdings Channel reports. The firm purchased 108,849 shares of the company’s stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EVLV. State of Alaska Department of Revenue acquired a new stake in Evolv Technologies in the 3rd quarter valued at approximately $60,000. CW Advisors LLC grew its stake in shares of Evolv Technologies by 19.0% in the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after purchasing an additional 2,014 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Evolv Technologies by 38.3% during the second quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock valued at $81,000 after purchasing an additional 3,596 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Evolv Technologies by 214.8% during the third quarter. Farther Finance Advisors LLC now owns 12,304 shares of the company’s stock valued at $93,000 after purchasing an additional 8,396 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Evolv Technologies in the second quarter worth about $94,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kevin M. Charlton purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $5.68 per share, for a total transaction of $85,200.00. Following the transaction, the director directly owned 44,081 shares of the company’s stock, valued at $250,380.08. This trade represents a 51.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard A. Shapiro purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $6.00 per share, for a total transaction of $180,000.00. Following the purchase, the director directly owned 52,515 shares in the company, valued at $315,090. This represents a 133.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 61,300 shares of company stock worth $363,326 in the last three months. 11.30% of the stock is currently owned by insiders.

Evolv Technologies Stock Down 2.7%

NASDAQ EVLV opened at $6.19 on Friday. Evolv Technologies Holdings, Inc. has a 12 month low of $2.64 and a 12 month high of $8.91. The company has a market capitalization of $1.08 billion, a P/E ratio of -16.73 and a beta of 1.85. The company’s 50 day simple moving average is $6.67 and its 200 day simple moving average is $7.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The firm had revenue of $42.85 million for the quarter, compared to analyst estimates of $33.73 million. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. Equities research analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVLV has been the topic of several research analyst reports. Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Lake Street Capital raised their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.13.

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.