JPMorgan Chase & Co. Buys 1,467,538 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

JPMorgan Chase & Co. raised its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 2,428.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,527,979 shares of the company’s stock after purchasing an additional 1,467,538 shares during the period. JPMorgan Chase & Co. owned 0.97% of Evolv Technologies worth $6,036,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Evolv Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company’s stock valued at $35,256,000 after acquiring an additional 238,963 shares during the period. Edge Capital Group LLC increased its stake in shares of Evolv Technologies by 0.8% in the fourth quarter. Edge Capital Group LLC now owns 4,835,206 shares of the company’s stock worth $19,099,000 after purchasing an additional 36,400 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Evolv Technologies by 14.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after purchasing an additional 355,611 shares during the period. State Street Corp raised its stake in Evolv Technologies by 3.0% during the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock valued at $10,785,000 after purchasing an additional 78,775 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Evolv Technologies by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,520 shares of the company’s stock worth $3,849,000 after purchasing an additional 50,367 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

EVLV opened at $3.31 on Friday. The stock has a market capitalization of $520.70 million, a price-to-earnings ratio of -23.61 and a beta of 1.68. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $4.65. The company has a fifty day moving average of $3.32 and a 200 day moving average of $3.48.

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.