State Street Corp Buys 78,775 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

State Street Corp lifted its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,663,078 shares of the company’s stock after purchasing an additional 78,775 shares during the quarter. State Street Corp’s holdings in Evolv Technologies were worth $10,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Resolute Capital Asset Partners LLC bought a new position in Evolv Technologies in the 2nd quarter valued at $510,000. Ironwood Investment Management LLC bought a new position in Evolv Technologies in the second quarter valued at about $724,000. GSA Capital Partners LLP increased its position in Evolv Technologies by 159.4% in the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock worth $3,581,000 after purchasing an additional 543,322 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Evolv Technologies by 20.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock valued at $3,743,000 after purchasing an additional 158,877 shares during the period. Finally, Key Colony Management LLC lifted its position in Evolv Technologies by 12.1% during the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock valued at $20,499,000 after purchasing an additional 545,492 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Stock Up 2.8 %

EVLV stock opened at $4.02 on Friday. The company has a market cap of $633.35 million, a PE ratio of -28.71 and a beta of 1.67. Evolv Technologies Holdings, Inc. has a 52 week low of $2.01 and a 52 week high of $5.73. The business has a 50-day simple moving average of $3.38 and a 200 day simple moving average of $3.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Northland Securities downgraded Evolv Technologies from an “outperform” rating to a “market perform” rating in a report 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. 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 research note on Monday, October 28th. Finally, Northland Capmk cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Evolv Technologies presently has an average rating of “Hold” and a consensus target price of $5.60.

Evolv Technologies 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.