Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,136,210 shares of the company's stock after acquiring an additional 67,146 shares during the period. Northern Trust Corp owned about 0.72% of Evolv Technologies worth $4,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EVLV. JPMorgan Chase & Co. grew its holdings in shares of Evolv Technologies by 8.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company's stock worth $245,000 after acquiring an additional 4,756 shares during the period. Ameritas Advisory Services LLC bought a new position in Evolv Technologies during the 4th quarter valued at approximately $325,000. Westside Investment Management Inc. purchased a new position in Evolv Technologies during the fourth quarter valued at $194,000. SG Americas Securities LLC raised its stake in Evolv Technologies by 319.1% during the fourth quarter. SG Americas Securities LLC now owns 45,770 shares of the company's stock valued at $181,000 after buying an additional 34,850 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Evolv Technologies by 11.0% during the fourth quarter. Blue Trust Inc. now owns 81,197 shares of the company's stock valued at $329,000 after buying an additional 8,068 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company's stock.

Evolv Technologies Trading Up 2.5%

Shares of EVLV traded up $0.14 during midday trading on Tuesday, hitting $5.85. 4,782,555 shares of the company's stock traded hands, compared to its average volume of 1,943,719. Evolv Technologies Holdings, Inc. has a 1 year low of $2.04 and a 1 year high of $6.16. The firm's fifty day moving average is $3.90 and its 200-day moving average is $3.69. The stock has a market capitalization of $959.38 million, a price-to-earnings ratio of -41.78 and a beta of 1.61.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on EVLV shares. Wall Street Zen upgraded Evolv Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a report on Wednesday, May 21st. Lake Street Capital lifted their price objective on Evolv Technologies from $4.00 to $5.50 and gave the stock a "hold" rating in a report on Wednesday, May 21st. Finally, Northland Securities raised 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, May 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Evolv Technologies has a consensus rating of "Moderate Buy" and an average price target of $6.50.

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.