JPMorgan Chase & Co. Buys 4,756 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

JPMorgan Chase & Co. raised its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,441 shares of the company’s stock after acquiring an additional 4,756 shares during the period. JPMorgan Chase & Co.’s holdings in Evolv Technologies were worth $245,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its stake 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 buying an additional 5,090 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings 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 valued at $62,000 after acquiring an additional 5,100 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Evolv Technologies by 3.1% during the third 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 during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Evolv Technologies by 15.7% during the second quarter. The Manufacturers Life Insurance Company now owns 52,399 shares of the company’s stock worth $134,000 after acquiring an additional 7,119 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Evolv Technologies in the third quarter worth $44,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Price Performance

NASDAQ:EVLV opened at $4.01 on Friday. The company has a market cap of $631.78 million, a P/E ratio of -28.64 and a beta of 1.66. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.73. The stock’s fifty day moving average price is $3.77 and its two-hundred day moving average price is $3.58.

Analyst Ratings Changes

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