Blue Trust Inc. Boosts Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Blue Trust Inc. grew its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,197 shares of the company’s stock after acquiring an additional 8,068 shares during the period. Blue Trust Inc. owned 0.05% of Evolv Technologies worth $329,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Evolv Technologies by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company’s stock worth $245,000 after buying an additional 4,756 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Evolv Technologies by 7.1% in the third quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock worth $312,000 after buying an additional 5,090 shares in the last quarter. Sequoia Financial Advisors LLC raised its position 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 worth $62,000 after buying an additional 5,100 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Evolv Technologies by 3.1% in the third 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 raised its position in shares of Evolv Technologies by 15.7% in the second 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 in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

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

Evolv Technologies Trading Up 0.2 %

Shares of NASDAQ:EVLV opened at $4.01 on Friday. The stock’s 50-day moving average price is $3.77 and its 200-day moving average price is $3.58. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73. The stock has a market capitalization of $631.78 million, a P/E ratio of -28.64 and a beta of 1.66.

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.