Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is Key Colony Management LLC's 3rd Largest Position

Key Colony Management LLC decreased its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 40.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,000,000 shares of the company's stock after selling 2,061,463 shares during the quarter. Evolv Technologies comprises about 17.7% of Key Colony Management LLC's investment portfolio, making the stock its 3rd biggest position. Key Colony Management LLC owned about 1.90% of Evolv Technologies worth $11,850,000 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 EVLV. SG Americas Securities LLC acquired a new position in shares of Evolv Technologies in the 3rd quarter valued at $44,000. First Bank & Trust purchased a new position in shares of Evolv Technologies in the 3rd quarter worth $52,000. Sequoia Financial Advisors LLC raised its position in shares of Evolv Technologies by 50.5% in the 3rd 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. Virtu Financial LLC acquired a new position in Evolv Technologies in the third quarter valued at $63,000. Finally, Principal Financial Group Inc. grew its position in Evolv Technologies by 30.5% during the second 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 period. Hedge funds and other institutional investors own 66.65% of the company's stock.

Evolv Technologies Price Performance

Evolv Technologies stock traded down $0.03 during midday trading on Wednesday, hitting $3.11. 1,058,198 shares of the company were exchanged, compared to its average volume of 1,687,667. The company has a market cap of $489.98 million, a PE ratio of -22.21 and a beta of 1.66. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $5.73. The company's fifty day moving average price is $3.52 and its 200-day moving average price is $3.50.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EVLV shares. Lake Street Capital reduced their price objective 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. TD Cowen cut shares of Evolv Technologies from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, October 28th. Northland Securities downgraded shares of Evolv Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, October 28th. Finally, Northland Capmk downgraded shares of Evolv Technologies from a "strong-buy" rating to a "hold" 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 issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.