Westside Investment Management Inc. Makes New $194,000 Investment in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Westside Investment Management Inc. purchased a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 4th quarter, Holdings Channel reports. The firm purchased 49,100 shares of the company’s stock, valued at approximately $194,000.

Other large investors also recently bought and sold shares of the company. Key Colony Management LLC lifted its holdings in Evolv Technologies by 12.1% in the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after acquiring an additional 545,492 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Evolv Technologies by 14.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock worth $11,426,000 after buying an additional 355,611 shares in the last quarter. State Street Corp lifted its holdings in Evolv Technologies by 3.0% in the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock valued at $10,785,000 after acquiring an additional 78,775 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Evolv Technologies by 20.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock worth $3,743,000 after buying an additional 158,877 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock worth $3,581,000 after purchasing an additional 543,322 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EVLV shares. Northland Capmk cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 28th. Northland Securities cut shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Finally, Lake Street Capital cut their price target on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.60.

Evolv Technologies Price Performance

Evolv Technologies stock opened at $3.22 on Thursday. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $5.73. The company’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $3.52.

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.