Evolv Technologies (EVLV)

• Market cap: $948M
• 1 day: -3.93%
• 5 days: -6.33%
• 1 month: 1.81%
• 3 months: 67.26%
• 6 months: 81.88%
• Year to date: 41.56%
• 1 year: 102.89%
• 5 years: -45.96%
• 10 years: -45.96%
• Sector: Industrials
• Industry: Security & Protection Services

About: Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Employees: 287

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

32% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 19

1% more funds holding

Funds holding: 182 [Q4 2024] → 183 (+1) [Q1 2025]

6% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 50

1.36% less ownership

Funds ownership: 50.5% [Q4 2024] → 49.14% (-1.36%) [Q1 2025]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q4 2024] → 4 (-1) [Q1 2025]

23% less capital invested

Capital invested by funds: $314M [Q4 2024] → $241M (-$72.6M) [Q1 2025]

33% less call options, than puts

Call options by funds: $2.69M | Put options by funds: $3.99M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $5.50 2% downside
• Avg. target: $6.50 16% upside
• High target: $7.50 33% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Northland Capital Markets Michael Latimore	33% upside $7.50	Outperform Upgraded	21 May 2025
Lake Street Eric Martinuzzi	2% downside $5.50	Hold Maintained	21 May 2025