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

State Street Corp lifted its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,663,078 shares of the company’s stock after buying an additional 78,775 shares during the quarter. State Street Corp owned approximately 1.69% of Evolv Technologies worth $10,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in shares of Evolv Technologies by 12.9% in the second quarter. Arizona State Retirement System now owns 30,488 shares of the company’s stock worth $78,000 after buying an additional 3,490 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Evolv Technologies by 30.5% in the second quarter. Principal Financial Group Inc. now owns 17,650 shares of the company’s stock valued at $45,000 after purchasing an additional 4,127 shares during the period. MetLife Investment Management LLC boosted its stake in Evolv Technologies by 7.1% during the third quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock worth $312,000 after buying an additional 5,090 shares during the period. Sequoia Financial Advisors LLC increased its stake in Evolv Technologies by 50.5% during the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock worth $62,000 after purchasing an additional 5,100 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Evolv Technologies by 3.1% in the third quarter. HighTower Advisors LLC now owns 202,680 shares of the company’s stock worth $820,000 after acquiring an additional 6,183 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

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

Evolv Technologies Price Performance

NASDAQ EVLV opened at $4.02 on Friday. The company’s 50 day simple moving average is $3.38 and its 200 day simple moving average is $3.37. The firm has a market capitalization of $633.35 million, a PE ratio of -28.71 and a beta of 1.67. 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.