Barclays PLC Has $856,000 Stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Barclays PLC raised its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 352.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,551 shares of the company’s stock after buying an additional 164,775 shares during the period. Barclays PLC owned about 0.13% of Evolv Technologies worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Key Colony Management LLC increased its holdings in shares of Evolv Technologies by 12.1% in the third 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 in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Evolv Technologies by 159.4% in the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after purchasing an additional 543,322 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Evolv Technologies in the third quarter valued at approximately $1,614,000. Geode Capital Management LLC increased its holdings in shares of Evolv Technologies by 14.4% in the third quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after purchasing an additional 355,611 shares in the last quarter. Finally, Ironwood Investment Management LLC acquired a new stake in shares of Evolv Technologies in the second quarter valued at approximately $724,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Northland Securities lowered shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. TD Cowen lowered shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” 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 note on Monday, October 28th. Finally, Lake Street Capital reduced their price objective on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a research note on Monday, October 28th. One equities 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 company. Based on data from MarketBeat, Evolv Technologies currently has an average rating of “Hold” and an average target price of $5.60.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $3.11 on Thursday. Evolv Technologies Holdings, Inc. has a 52-week low of $2.01 and a 52-week high of $5.73. The stock has a market cap of $489.98 million, a PE ratio of -22.21 and a beta of 1.66. The firm’s 50 day moving average price is $3.52 and its two-hundred day moving average price is $3.50.

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.