Charles Schwab Investment Management Inc. Boosts Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Charles Schwab Investment Management Inc. raised its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 20.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 924,153 shares of the company’s stock after buying an additional 158,877 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.59% of Evolv Technologies worth $3,743,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Resolute Capital Asset Partners LLC bought a new stake in shares of Evolv Technologies during the second quarter valued at approximately $510,000. Ironwood Investment Management LLC purchased a new position in shares of Evolv Technologies in the second quarter worth $724,000. GSA Capital Partners LLP lifted its holdings in shares of Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after purchasing an additional 543,322 shares in the last quarter. Key Colony Management LLC increased its holdings in Evolv Technologies by 12.1% in the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after buying an additional 545,492 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in Evolv Technologies in the 3rd quarter worth about $1,614,000. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Trading Down 2.6 %

EVLV opened at $3.75 on Friday. The company has a market capitalization of $590.81 million, a PE ratio of -26.79 and a beta of 1.67. Evolv Technologies Holdings, Inc. has a 1-year low of $2.01 and a 1-year high of $5.73. The firm’s 50 day simple moving average is $3.42 and its two-hundred day simple moving average is $3.31.

Analyst Ratings Changes

A number of brokerages have recently commented on EVLV. TD Cowen lowered shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Lake Street Capital lowered their price target on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Northland Capmk lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Evolv Technologies presently has an average rating of “Hold” and an average price target of $5.60.

Evolv Technologies Company 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.