Almanack Investment Partners LLC. Has $159,000 Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Almanack Investment Partners LLC. reduced its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 71.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,254 shares of the company’s stock after selling 100,000 shares during the period. Almanack Investment Partners LLC.’s holdings in Evolv Technologies were worth $159,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EVLV. The Manufacturers Life Insurance Company grew its holdings in Evolv Technologies by 15.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,399 shares of the company’s stock valued at $134,000 after buying an additional 7,119 shares during the last quarter. SG Americas Securities LLC bought a new stake in Evolv Technologies in the third quarter valued at $44,000. Key Colony Management LLC increased its position in shares of Evolv Technologies by 12.1% during the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after purchasing an additional 545,492 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Evolv Technologies during the 3rd quarter worth approximately $1,614,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Evolv Technologies by 50.5% in the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after buying an additional 5,100 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EVLV shares. Northland Securities cut Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. Northland Capmk cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Lake Street Capital decreased their price objective on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.60.

Evolv Technologies Stock Down 2.9 %

Shares of Evolv Technologies stock opened at $4.04 on Friday. The firm’s 50 day moving average is $3.81 and its 200 day moving average is $3.61. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.73.

About Evolv Technologies

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.