NewEdge Advisors LLC Takes Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

NewEdge Advisors LLC purchased a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,300 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EVLV. Vanguard Group Inc. grew its holdings in Evolv Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company’s stock worth $35,256,000 after acquiring an additional 238,963 shares during the last quarter. Edge Capital Group LLC grew 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 during the last quarter. CenterBook Partners LP increased its holdings in Evolv Technologies by 15.0% in the fourth quarter. CenterBook Partners LP now owns 3,008,643 shares of the company’s stock valued at $11,884,000 after purchasing an additional 393,563 shares during the period. Geode Capital Management LLC raised its position in Evolv Technologies by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,856,173 shares of the company’s stock worth $11,284,000 after purchasing an additional 35,426 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Evolv Technologies by 2,428.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company’s stock valued at $6,036,000 after buying an additional 1,467,538 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Trading Up 3.3 %

Shares of Evolv Technologies stock opened at $4.34 on Friday. The business has a 50-day moving average price of $3.31 and a two-hundred day moving average price of $3.47. Evolv Technologies Holdings, Inc. has a 1-year low of $2.01 and a 1-year high of $4.65. The company has a market cap of $683.77 million, a P/E ratio of -31.00 and a beta of 1.68.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their price objective on Evolv Technologies from $2.75 to $4.00 and gave the stock a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.31.

Evolv Technologies 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.