Marshall Wace LLP Buys 2,489,825 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Marshall Wace LLP increased its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 317.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,275,025 shares of the company's stock after purchasing an additional 2,489,825 shares during the period. Marshall Wace LLP owned approximately 2.08% of Evolv Technologies worth $12,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mariner LLC raised its holdings in shares of Evolv Technologies by 15.9% during the fourth quarter. Mariner LLC now owns 26,532 shares of the company's stock valued at $105,000 after purchasing an additional 3,639 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Evolv Technologies by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company's stock valued at $245,000 after acquiring an additional 4,756 shares during the period. Platform Technology Partners boosted its position in Evolv Technologies by 3.0% in the fourth quarter. Platform Technology Partners now owns 185,451 shares of the company's stock worth $733,000 after purchasing an additional 5,431 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Evolv Technologies by 11.0% during the 4th quarter. Blue Trust Inc. now owns 81,197 shares of the company's stock valued at $329,000 after purchasing an additional 8,068 shares during the period. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Evolv Technologies during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 66.65% of the company's stock.

Evolv Technologies Price Performance

Shares of EVLV traded up $0.36 on Friday, reaching $3.89. The company's stock had a trading volume of 2,837,780 shares, compared to its average volume of 1,733,248. The stock's 50 day simple moving average is $3.25 and its two-hundred day simple moving average is $3.47. The stock has a market capitalization of $612.87 million, a P/E ratio of -27.78 and a beta of 1.68. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $4.65.

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.