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

Barclays PLC lifted its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 352.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new stake in shares of Evolv Technologies during the second quarter valued at $30,000. SG Americas Securities LLC bought a new position in Evolv Technologies during the 3rd quarter valued at about $44,000. Principal Financial Group Inc. boosted its holdings in shares of Evolv Technologies by 30.5% during the 2nd quarter. Principal Financial Group Inc. now owns 17,650 shares of the company's stock valued at $45,000 after acquiring an additional 4,127 shares during the last quarter. First Bank & Trust bought a new stake in shares of Evolv Technologies in the third quarter worth approximately $52,000. Finally, Sequoia Financial Advisors LLC grew its stake 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 worth $62,000 after acquiring an additional 5,100 shares during the period. Institutional investors own 66.65% of the company's stock.

Evolv Technologies Price Performance

Shares of NASDAQ:EVLV traded down $0.01 during midday trading on Wednesday, hitting $3.95. The company had a trading volume of 1,230,405 shares, compared to its average volume of 1,753,148. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73. The company has a fifty day moving average of $3.35 and a two-hundred day moving average of $3.42. The company has a market cap of $622.32 million, a price-to-earnings ratio of -28.21 and a beta of 1.67.

Analyst Upgrades and Downgrades

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

About Evolv Technologies

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.