Principal Financial Group Inc. Sells 5,434 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Principal Financial Group Inc. lessened its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 30.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,216 shares of the company’s stock after selling 5,434 shares during the quarter. Principal Financial Group Inc.’s holdings in Evolv Technologies were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Resolute Capital Asset Partners LLC purchased a new position in shares of Evolv Technologies in the 2nd quarter worth about $510,000. Barclays PLC boosted its stake in Evolv Technologies by 352.3% in the third quarter. Barclays PLC now owns 211,551 shares of the company’s stock worth $856,000 after buying an additional 164,775 shares in the last quarter. Ironwood Investment Management LLC purchased a new stake in Evolv Technologies in the second quarter worth approximately $724,000. GSA Capital Partners LLP grew its position in Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after acquiring an additional 543,322 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Evolv Technologies by 14.4% during the third quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock worth $11,426,000 after acquiring an additional 355,611 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Analyst Ratings Changes

EVLV has been the subject of a number of research reports. Northland Capmk cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. TD Cowen cut Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. Northland Securities lowered Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Finally, Lake Street Capital dropped their target price on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a report on Monday, October 28th. One 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. Based on data from MarketBeat.com, Evolv Technologies has an average rating of “Hold” and a consensus target price of $5.60.

Evolv Technologies Trading Down 4.1 %

EVLV stock opened at $3.51 on Wednesday. The stock has a market capitalization of $553.00 million, a price-to-earnings ratio of -25.07 and a beta of 1.66. The firm’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $3.48. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73.

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.