Squarepoint Ops LLC Has $225,000 Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Squarepoint Ops LLC trimmed its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 61.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 88,236 shares of the company’s stock after selling 138,344 shares during the period. Squarepoint Ops LLC’s holdings in Evolv Technologies were worth $225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resolute Capital Asset Partners LLC bought a new stake in shares of Evolv Technologies during the second quarter worth approximately $510,000. Arizona State Retirement System lifted its stake in Evolv Technologies by 12.9% in the second quarter. Arizona State Retirement System now owns 30,488 shares of the company’s stock valued at $78,000 after buying an additional 3,490 shares during the period. Foundations Investment Advisors LLC acquired a new position in Evolv Technologies in the second quarter valued at about $30,000. Principal Financial Group Inc. boosted its holdings in Evolv Technologies by 30.5% during the second quarter. Principal Financial Group Inc. now owns 17,650 shares of the company’s stock worth $45,000 after buying an additional 4,127 shares during the last quarter. Finally, Worth Financial Advisory Group LLC raised its holdings in Evolv Technologies by 42.0% in the second quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company’s stock worth $38,000 after purchasing an additional 4,435 shares during the period. 66.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Evolv Technologies Price Performance

Evolv Technologies stock opened at $4.01 on Friday. The company has a market cap of $625.91 million, a price-to-earnings ratio of -6.57 and a beta of 1.25. The firm has a 50-day moving average of $3.78 and a 200-day moving average of $3.43. 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 announced its quarterly earnings data on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.15. The company had revenue of $25.54 million for the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Evolv Technologies Holdings, Inc. will post -0.26 earnings per share 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.