Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Sold by Sapient Capital LLC

Sapient Capital LLC cut its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 730,049 shares of the company’s stock after selling 7,087 shares during the period. Sapient Capital LLC owned about 0.46% of Evolv Technologies worth $2,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Evolv Technologies in the 3rd quarter valued at about $44,000. First Bank & Trust purchased a new position in shares of Evolv Technologies in the third quarter valued at approximately $52,000. Sequoia Financial Advisors LLC boosted its stake in shares of Evolv Technologies by 50.5% in the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock worth $62,000 after acquiring an additional 5,100 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Evolv Technologies during the third quarter worth approximately $63,000. Finally, Phillips Financial Management LLC acquired a new position in Evolv Technologies in the 3rd quarter valued at $99,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Evolv Technologies Stock Down 1.2 %

Shares of EVLV stock opened at $3.99 on Tuesday. The firm’s 50-day moving average is $3.81 and its two-hundred day moving average is $3.61. Evolv Technologies Holdings, Inc. has a 12 month low of $2.01 and a 12 month high of $5.73.

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.