Barclays PLC Increases Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Barclays PLC raised its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,887 shares of the company’s stock after purchasing an additional 21,336 shares during the period. Barclays PLC owned approximately 0.15% of Evolv Technologies worth $920,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EVLV. Autumn Glory Partners LLC bought a new stake in Evolv Technologies in the 4th quarter worth about $40,000. Cibc World Markets Corp bought a new stake in shares of Evolv Technologies in the fourth quarter worth approximately $49,000. Virtu Financial LLC bought a new stake in shares of Evolv Technologies in the third quarter worth approximately $63,000. Clare Market Investments LLC purchased a new position in shares of Evolv Technologies during the fourth quarter valued at approximately $71,000. Finally, KLP Kapitalforvaltning AS bought a new position in Evolv Technologies during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Down 5.3 %

Shares of NASDAQ:EVLV opened at $4.11 on Tuesday. The firm’s 50 day moving average price is $3.32 and its 200-day moving average price is $3.46. The stock has a market capitalization of $671.86 million, a PE ratio of -29.36 and a beta of 1.61. Evolv Technologies Holdings, Inc. has a twelve month low of $2.01 and a twelve month high of $4.65.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital boosted their target price on shares of Evolv Technologies from $2.75 to $4.00 and gave the company a “hold” rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.