Truist Financial Corp Reduces Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Truist Financial Corp cut its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,059 shares of the company’s stock after selling 81,121 shares during the period. Truist Financial Corp owned 0.13% of Evolv Technologies worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EVLV. Geode Capital Management LLC grew its position in shares of Evolv Technologies by 14.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after buying an additional 355,611 shares during the last quarter. State Street Corp grew its position in shares of Evolv Technologies by 3.0% in the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock valued at $10,785,000 after buying an additional 78,775 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Evolv Technologies by 20.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock valued at $3,743,000 after buying an additional 158,877 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Evolv Technologies by 159.4% in the 3rd quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after buying an additional 543,322 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Evolv Technologies by 352.3% in the 3rd quarter. Barclays PLC now owns 211,551 shares of the company’s stock valued at $856,000 after buying an additional 164,775 shares during the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Performance

NASDAQ EVLV opened at $3.54 on Friday. The firm has a market cap of $557.73 million, a PE ratio of -25.28 and a beta of 1.66. Evolv Technologies Holdings, Inc. has a one year low of $2.01 and a one year high of $5.28. The firm’s fifty day moving average is $3.73 and its two-hundred day moving average is $3.67.

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.