Key Colony Management LLC Reduces Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Key Colony Management LLC reduced its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 40.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,000,000 shares of the company’s stock after selling 2,061,463 shares during the quarter. Evolv Technologies comprises approximately 17.7% of Key Colony Management LLC’s holdings, making the stock its 3rd biggest position. Key Colony Management LLC’s holdings in Evolv Technologies were worth $11,850,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EVLV. GSA Capital Partners LLP grew its position in shares of Evolv Technologies by 159.4% in the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after purchasing an additional 543,322 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Evolv Technologies in the 3rd quarter valued at $1,614,000. Geode Capital Management LLC increased its position in Evolv Technologies by 14.4% during 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 during the period. Ironwood Investment Management LLC acquired a new stake in shares of Evolv Technologies during the second quarter worth $724,000. Finally, Resolute Capital Asset Partners LLC acquired a new stake in shares of Evolv Technologies during the second quarter worth $510,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Evolv Technologies Stock Up 1.6 %

NASDAQ:EVLV opened at $3.14 on Wednesday. Evolv Technologies Holdings, Inc. has a twelve month low of $2.01 and a twelve month high of $5.73. The stock’s 50-day simple moving average is $3.50 and its 200 day simple moving average is $3.50. The firm has a market capitalization of $494.71 million, a PE ratio of -22.43 and a beta of 1.66.

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.