Barclays PLC Buys 164,775 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Barclays PLC increased its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 352.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,551 shares of the company's stock after purchasing an additional 164,775 shares during the period. Barclays PLC owned 0.13% of Evolv Technologies worth $856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Key Colony Management LLC grew its holdings in Evolv Technologies by 12.1% during the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company's stock worth $20,499,000 after acquiring an additional 545,492 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Evolv Technologies by 14.4% during 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 Evolv Technologies by 3.0% in the third quarter. State Street Corp now owns 2,663,078 shares of the company's stock worth $10,785,000 after acquiring an additional 78,775 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Evolv Technologies by 20.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company's stock worth $3,743,000 after buying an additional 158,877 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake 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 acquiring an additional 543,322 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EVLV. Lake Street Capital cut their price target on Evolv Technologies from $3.50 to $2.75 and set a "hold" rating for the company in a report on Monday, October 28th. Northland Capmk lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Northland Securities lowered Evolv Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, October 28th. Finally, TD Cowen lowered shares of Evolv Technologies from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, October 28th. One 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.60.

Evolv Technologies Trading Up 0.2 %

Shares of EVLV stock traded up $0.01 on Thursday, reaching $3.12. The company had a trading volume of 656,377 shares, compared to its average volume of 1,583,137. The stock has a market cap of $490.77 million, a PE ratio of -22.24 and a beta of 1.66. The company has a 50-day moving average of $3.53 and a 200-day moving average of $3.50. Evolv Technologies Holdings, Inc. has a 12 month low of $2.01 and a 12 month high of $5.73.

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.