Wexford Capital LP Acquires New Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Wexford Capital LP acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 200,000 shares of the company's stock, valued at approximately $810,000. Wexford Capital LP owned approximately 0.13% of Evolv Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EVLV. Key Colony Management LLC lifted its position in Evolv Technologies by 12.1% during the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company's stock worth $20,499,000 after acquiring an additional 545,492 shares during the period. GSA Capital Partners LLP boosted its position in Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company's stock worth $3,581,000 after purchasing an additional 543,322 shares in the last quarter. Vanguard Group Inc. grew its stake in Evolv Technologies by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company's stock valued at $32,013,000 after acquiring an additional 407,396 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Evolv Technologies during the third quarter worth about $1,614,000. Finally, Ironwood Investment Management LLC purchased a new stake in Evolv Technologies during the 2nd quarter worth approximately $724,000. Hedge funds and other institutional investors own 66.65% of the company's stock.

Evolv Technologies Stock Down 4.2 %

Shares of Evolv Technologies stock traded down $0.19 during trading hours on Friday, reaching $4.29. 2,042,956 shares of the company were exchanged, compared to its average volume of 2,454,027. The stock's fifty day moving average is $3.40 and its 200 day moving average is $3.26. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.73.

Analyst Ratings Changes

EVLV has been the topic of a number of research reports. Northland Securities lowered Evolv Technologies from an "outperform" rating to a "market perform" rating in a report on Monday, October 28th. TD Cowen lowered 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 decreased their target price on shares of 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, Northland Capmk lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Evolv Technologies presently has an average 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.