227,647 Shares in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP purchased a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 227,647 shares of the company's stock, valued at approximately $899,000. Dimensional Fund Advisors LP owned about 0.14% of Evolv Technologies as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Autumn Glory Partners LLC bought a new stake in shares of Evolv Technologies during the fourth quarter worth $40,000. Cibc World Markets Corp acquired a new position in Evolv Technologies in the fourth quarter valued at about $49,000. Clare Market Investments LLC acquired a new position in Evolv Technologies in the fourth quarter valued at about $71,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Evolv Technologies during the fourth quarter worth about $73,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Evolv Technologies during the fourth quarter worth about $76,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lifted their target price on Evolv Technologies from $2.75 to $4.00 and gave the company a "hold" rating in a research report 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 company. According to MarketBeat.com, Evolv Technologies currently has a consensus rating of "Hold" and a consensus target price of $5.08.

Evolv Technologies Price Performance

Shares of EVLV stock traded up $0.28 on Monday, hitting $5.74. 6,579,876 shares of the company's stock were exchanged, compared to its average volume of 1,851,706. Evolv Technologies Holdings, Inc. has a 12 month low of $2.04 and a 12 month high of $5.88. The stock has a market cap of $938.32 million, a P/E ratio of -41.00 and a beta of 1.61. The company has a 50 day moving average of $3.53 and a 200 day moving average of $3.54.

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.