Brevan Howard Capital Management LP Makes New Investment in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Brevan Howard Capital Management LP purchased a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 76,874 shares of the company's stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EVLV. Autumn Glory Partners LLC acquired a new position in Evolv Technologies during the 4th quarter worth $40,000. Cibc World Markets Corp acquired a new position in shares of Evolv Technologies during the fourth quarter valued at $49,000. Clare Market Investments LLC bought a new position in Evolv Technologies in the fourth quarter valued at about $71,000. KLP Kapitalforvaltning AS bought a new position in Evolv Technologies in the fourth quarter valued at about $73,000. Finally, Ameriprise Financial Inc. bought a new position in Evolv Technologies in the fourth quarter valued at about $74,000. Institutional investors and hedge funds own 66.65% of the company's stock.

Analyst Ratings Changes

Separately, Lake Street Capital raised 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.08.

Evolv Technologies Stock Down 0.2%

Shares of Evolv Technologies stock traded down $0.01 during trading on Wednesday, reaching $4.42. 3,474,921 shares of the company were exchanged, compared to its average volume of 1,749,334. The business has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.48. The firm has a market capitalization of $722.54 million, a price-to-earnings ratio of -31.57 and a beta of 1.61. Evolv Technologies Holdings, Inc. has a twelve month low of $2.04 and a twelve month high of $4.65.

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.