Price T Rowe Associates Inc. MD Acquires 10,748 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Price T Rowe Associates Inc. MD raised its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,225 shares of the company’s stock after purchasing an additional 10,748 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Evolv Technologies were worth $211,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Autumn Glory Partners LLC bought a new position in Evolv Technologies in the 4th quarter valued at $40,000. Cibc World Markets Corp bought a new position in Evolv Technologies in the 4th quarter valued at $49,000. Clare Market Investments LLC acquired a new stake in shares of Evolv Technologies in the 4th quarter valued at $71,000. KLP Kapitalforvaltning AS bought a new stake in shares of Evolv Technologies during the fourth quarter worth $73,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Evolv Technologies during the fourth quarter valued at $76,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Shares of NASDAQ:EVLV opened at $5.46 on Friday. Evolv Technologies Holdings, Inc. has a one year low of $2.04 and a one year high of $5.51. The company has a 50 day moving average of $3.53 and a 200-day moving average of $3.52. The stock has a market cap of $892.55 million, a price-to-earnings ratio of -39.00 and a beta of 1.61.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price target on Evolv Technologies from $2.75 to $4.00 and gave the company a “hold” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.08.

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.