Marshall Wace LLP Decreases Stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Marshall Wace LLP lessened its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 62.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 730,256 shares of the company's stock after selling 1,217,357 shares during the period. Marshall Wace LLP owned about 0.47% of Evolv Technologies worth $1,862,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MCF Advisors LLC boosted its holdings in Evolv Technologies by 84.5% in the first quarter. MCF Advisors LLC now owns 6,549 shares of the company's stock valued at $29,000 after purchasing an additional 3,000 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Evolv Technologies in the 1st quarter valued at $45,000. Foundations Investment Advisors LLC purchased a new position in shares of Evolv Technologies in the 2nd quarter valued at $30,000. Sierra Summit Advisors LLC acquired a new stake in Evolv Technologies during the 4th quarter worth $71,000. Finally, Worth Financial Advisory Group LLC lifted its position in Evolv Technologies by 42.0% in the second quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company's stock valued at $38,000 after acquiring an additional 4,435 shares during the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Performance

Evolv Technologies stock traded down $0.03 during midday trading on Friday, hitting $3.79. 4,283,123 shares of the company's stock were exchanged, compared to its average volume of 1,537,750. The stock has a market cap of $591.57 million, a price-to-earnings ratio of -6.21 and a beta of 1.25. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73. The firm's 50 day simple moving average is $3.72 and its 200 day simple moving average is $3.42.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.15. The firm had revenue of $25.54 million for the quarter, compared to analyst estimates of $23.57 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. On average, equities research analysts forecast that Evolv Technologies Holdings, Inc. will post -0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Northland Securities cut their target price on Evolv Technologies from $6.50 to $5.50 and set an "outperform" rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.75.

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.