Barclays PLC Increases Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Barclays PLC lifted its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 352.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,551 shares of the company’s stock after acquiring an additional 164,775 shares during the period. Barclays PLC’s holdings in Evolv Technologies were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Evolv Technologies in the 3rd quarter valued at about $44,000. Foundations Investment Advisors LLC acquired a new position in Evolv Technologies during the 2nd quarter worth $30,000. First Bank & Trust acquired a new stake in Evolv Technologies in the third quarter valued at approximately $52,000. Sequoia Financial Advisors LLC boosted its position in shares of Evolv Technologies by 50.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock worth $62,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Evolv Technologies by 30.5% in the 2nd quarter. Principal Financial Group Inc. now owns 17,650 shares of the company’s stock valued at $45,000 after buying an additional 4,127 shares in the last quarter. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Evolv Technologies Stock Down 0.3 %

EVLV opened at $3.95 on Wednesday. Evolv Technologies Holdings, Inc. has a 52-week low of $2.01 and a 52-week high of $5.73. The company has a market cap of $622.32 million, a P/E ratio of -28.21 and a beta of 1.67. The company has a 50 day moving average of $3.37 and a two-hundred day moving average of $3.41.

Wall Street Analysts Forecast Growth

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

Evolv Technologies Company 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.