Platform Technology Partners Raises Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Platform Technology Partners boosted its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 185,451 shares of the company’s stock after buying an additional 5,431 shares during the period. Platform Technology Partners’ holdings in Evolv Technologies were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EVLV. JPMorgan Chase & Co. boosted its position in shares of Evolv Technologies by 8.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company’s stock valued at $245,000 after acquiring an additional 4,756 shares during the last quarter. MetLife Investment Management LLC raised its stake in Evolv Technologies by 7.1% in the third quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock valued at $312,000 after purchasing an additional 5,090 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Evolv Technologies by 50.5% during the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after purchasing an additional 5,100 shares during the last quarter. HighTower Advisors LLC grew its stake in Evolv Technologies by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 202,680 shares of the company’s stock worth $820,000 after buying an additional 6,183 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Evolv Technologies by 15.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,399 shares of the company’s stock worth $134,000 after buying an additional 7,119 shares during the last quarter. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Stock Down 2.9 %

NASDAQ EVLV opened at $4.04 on Friday. The firm has a market cap of $636.50 million, a price-to-earnings ratio of -28.86 and a beta of 1.66. The company has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $3.61. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73.

Analysts Set New Price Targets

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

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.