Boothbay Fund Management LLC Trims Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Boothbay Fund Management LLC lowered its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 271,403 shares of the company's stock after selling 349,022 shares during the period. Boothbay Fund Management LLC owned approximately 0.17% of Evolv Technologies worth $1,072,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EVLV. Barclays PLC raised its stake in Evolv Technologies by 352.3% in the third quarter. Barclays PLC now owns 211,551 shares of the company's stock valued at $856,000 after purchasing an additional 164,775 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $11,426,000 after acquiring an additional 355,611 shares during the last quarter. Virtu Financial LLC purchased a new position in Evolv Technologies in the third quarter worth $63,000. JPMorgan Chase & Co. increased its stake in Evolv Technologies by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company's stock valued at $245,000 after acquiring an additional 4,756 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its position in Evolv Technologies by 1,012.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 54,500 shares of the company's stock valued at $215,000 after purchasing an additional 49,600 shares in the last quarter. Institutional investors own 66.65% of the company's stock.

Evolv Technologies Price Performance

Evolv Technologies stock traded up $0.14 during mid-day trading on Friday, hitting $4.34. The company's stock had a trading volume of 1,990,532 shares, compared to its average volume of 1,772,458. The business has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.46. Evolv Technologies Holdings, Inc. has a 12 month low of $2.01 and a 12 month high of $4.65. The stock has a market cap of $683.77 million, a price-to-earnings ratio of -31.00 and a beta of 1.68.

Analysts Set New Price Targets

Separately, Lake Street Capital upped their price objective on Evolv Technologies from $2.75 to $4.00 and gave the stock a "hold" rating in a report on Wednesday. One investment 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's stock. Based on data from MarketBeat.com, Evolv Technologies currently has an average rating of "Hold" and a consensus price target of $5.31.

Evolv Technologies Company 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.