GSA Capital Partners LLP Buys 543,322 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

GSA Capital Partners LLP lifted its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 159.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 884,224 shares of the company's stock after purchasing an additional 543,322 shares during the period. Evolv Technologies comprises 0.3% of GSA Capital Partners LLP's holdings, making the stock its 20th biggest holding. GSA Capital Partners LLP owned about 0.56% of Evolv Technologies worth $3,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Arizona State Retirement System lifted its position in shares of Evolv Technologies by 12.9% during the 2nd quarter. Arizona State Retirement System now owns 30,488 shares of the company's stock valued at $78,000 after acquiring an additional 3,490 shares during the last quarter. Principal Financial Group Inc. increased its stake in Evolv Technologies by 30.5% in the 2nd quarter. Principal Financial Group Inc. now owns 17,650 shares of the company's stock worth $45,000 after purchasing an additional 4,127 shares in the last quarter. Worth Financial Advisory Group LLC raised its holdings in Evolv Technologies by 42.0% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company's stock worth $38,000 after buying an additional 4,435 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Evolv Technologies by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,813 shares of the company's stock valued at $147,000 after buying an additional 5,062 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings 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 buying an additional 5,100 shares during the period. 66.65% of the stock is currently owned by institutional investors.

Evolv Technologies Price Performance

EVLV traded down $0.13 during trading on Tuesday, reaching $2.49. 4,424,474 shares of the stock traded hands, compared to its average volume of 1,720,877. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $5.73. The stock's 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $3.26. The stock has a market cap of $392.30 million, a price-to-earnings ratio of -17.43 and a beta of 1.34.

Wall Street Analyst Weigh In

Several brokerages recently commented on EVLV. Northland Securities downgraded shares of Evolv Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, October 28th. Northland Capmk cut Evolv Technologies from a "strong-buy" rating to a "hold" 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 report on Monday, October 28th. Finally, TD Cowen cut Evolv Technologies from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, October 28th. One 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.