Barclays PLC Purchases 164,775 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Barclays PLC lifted its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 352.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,551 shares of the company’s stock after purchasing an additional 164,775 shares during the quarter. Barclays PLC’s holdings in Evolv Technologies were worth $856,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System lifted its position in Evolv Technologies by 12.9% in the 2nd quarter. Arizona State Retirement System now owns 30,488 shares of the company’s stock valued at $78,000 after acquiring an additional 3,490 shares in the last quarter. MetLife Investment Management LLC lifted its position in Evolv Technologies by 7.1% in the 3rd quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock valued at $312,000 after acquiring an additional 5,090 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Evolv Technologies by 50.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after acquiring an additional 5,100 shares in the last quarter. HighTower Advisors LLC lifted its position in Evolv Technologies by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 202,680 shares of the company’s stock valued at $820,000 after acquiring an additional 6,183 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake 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. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Stock Down 1.0 %

NASDAQ EVLV opened at $3.11 on Thursday. The company has a market capitalization of $489.98 million, a P/E ratio of -22.21 and a beta of 1.66. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73. The firm has a 50-day moving average price of $3.52 and a two-hundred day moving average price of $3.50.

Wall Street Analysts Forecast Growth

EVLV has been the topic of several recent research reports. TD Cowen lowered shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. Northland Capmk lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Lake Street Capital reduced their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a report 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 presently has a consensus rating of “Hold” and an average price target 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.