Alliancebernstein L.P. Sells 38,490 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Alliancebernstein L.P. cut its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 31.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,700 shares of the company’s stock after selling 38,490 shares during the period. Alliancebernstein L.P. owned approximately 0.05% of Evolv Technologies worth $331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Autumn Glory Partners LLC bought a new position in shares of Evolv Technologies in the fourth quarter valued at approximately $40,000. Cibc World Markets Corp bought a new position in Evolv Technologies during the 4th quarter valued at $49,000. Virtu Financial LLC purchased a new position in Evolv Technologies during the 3rd quarter worth $63,000. Clare Market Investments LLC bought a new stake in shares of Evolv Technologies in the 4th quarter worth $71,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Evolv Technologies in the fourth quarter valued at about $73,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Trading Down 3.6 %

Shares of Evolv Technologies stock opened at $3.19 on Tuesday. The firm has a market capitalization of $502.58 million, a P/E ratio of -22.78 and a beta of 1.68. The business’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.47. Evolv Technologies Holdings, Inc. has a 12 month low of $2.01 and a 12 month high of $4.65.

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.