Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 159.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 884,224 shares of the company’s stock after acquiring an additional 543,322 shares during the quarter. Evolv Technologies comprises about 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 20th largest position. GSA Capital Partners LLP’s holdings in Evolv Technologies were worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of EVLV. Foundations Investment Advisors LLC acquired a new position in shares of Evolv Technologies during the 2nd quarter valued at about $30,000. Worth Financial Advisory Group LLC increased its stake in shares of Evolv Technologies by 42.0% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 4,435 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Evolv Technologies during the 3rd quarter valued at about $44,000. Principal Financial Group Inc. increased its position in Evolv Technologies by 30.5% during the 2nd quarter. Principal Financial Group Inc. now owns 17,650 shares of the company’s stock worth $45,000 after purchasing an additional 4,127 shares in the last quarter. Finally, First Bank & Trust acquired a new stake in Evolv Technologies during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Analyst Ratings Changes

EVLV has been the subject of a number of research analyst reports. Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Northland Capmk downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Lake Street Capital dropped their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, TD Cowen downgraded shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.60.

Evolv Technologies Stock Up 3.1 %

NASDAQ EVLV opened at $2.62 on Tuesday. The stock has a market cap of $412.78 million, a PE ratio of -18.71 and a beta of 1.34. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $5.73. The business has a 50 day moving average price of $3.65 and a two-hundred day moving average price of $3.26.

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.