Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,194 shares of the company's stock after selling 150,000 shares during the quarter. Cresset Asset Management LLC's holdings in Evolv Technologies were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVLV. JPMorgan Chase & Co. lifted its stake in shares of Evolv Technologies by 2,428.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company's stock worth $6,036,000 after purchasing an additional 1,467,538 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Evolv Technologies during the 4th quarter worth $899,000. Vanguard Group Inc. lifted its stake in shares of Evolv Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company's stock worth $35,256,000 after purchasing an additional 238,963 shares during the period. MIG Capital LLC purchased a new position in shares of Evolv Technologies during the 4th quarter worth $375,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Evolv Technologies during the 4th quarter worth $84,000. Hedge funds and other institutional investors own 66.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EVLV. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a research report on Wednesday. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Wall Street Zen upgraded Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday. Lake Street Capital increased their price target on Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a report on Wednesday. Finally, Northland Securities upgraded Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price target for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $6.50.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV traded down $0.30 during midday trading on Friday, reaching $5.71. 6,503,935 shares of the company's stock were exchanged, compared to its average volume of 1,932,313. Evolv Technologies Holdings, Inc. has a 52-week low of $2.04 and a 52-week high of $6.16. The stock has a market capitalization of $933.41 million, a PE ratio of -40.78 and a beta of 1.61. The business's fifty day moving average price is $3.80 and its two-hundred day moving average price is $3.65.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.07. The business had revenue of $32.01 million during the quarter, compared to the consensus estimate of $26.40 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. Analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

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.