Platform Technology Partners Acquires 5,431 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Platform Technology Partners grew its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,451 shares of the company’s stock after purchasing an additional 5,431 shares during the quarter. Platform Technology Partners owned approximately 0.12% of Evolv Technologies worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EVLV. Key Colony Management LLC increased its holdings in Evolv Technologies by 12.1% during the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after buying an additional 545,492 shares during the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 355,611 shares during the period. State Street Corp increased its stake in shares of Evolv Technologies by 3.0% during the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock worth $10,785,000 after purchasing an additional 78,775 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Evolv Technologies by 20.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock worth $3,743,000 after purchasing an additional 158,877 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in Evolv Technologies by 159.4% in the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after purchasing an additional 543,322 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVLV has been the topic of several research reports. Northland Securities lowered Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Northland Capmk cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Lake Street Capital cut their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, TD Cowen lowered shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Evolv Technologies has an average rating of “Hold” and a consensus target price of $5.60.

Evolv Technologies Stock Down 2.9 %

Shares of NASDAQ EVLV opened at $4.04 on Friday. The business has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $3.61. Evolv Technologies Holdings, Inc. has a 52 week low of $2.01 and a 52 week high of $5.73. The company has a market cap of $636.50 million, a P/E ratio of -28.86 and a beta of 1.66.

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.