Ardent Capital Management Inc. Buys 29,915 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Ardent Capital Management Inc. increased its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 80.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 66,926 shares of the company’s stock after purchasing an additional 29,915 shares during the period. Ardent Capital Management Inc.’s holdings in Evolv Technologies were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EVLV. Autumn Glory Partners LLC acquired a new position in Evolv Technologies in the 4th quarter valued at approximately $40,000. SG Americas Securities LLC acquired a new position in Evolv Technologies in the 3rd quarter valued at approximately $44,000. First Bank & Trust acquired a new position in Evolv Technologies in the 3rd quarter valued at approximately $52,000. Sequoia Financial Advisors LLC raised its holdings in Evolv Technologies by 50.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Evolv Technologies in the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Shares of EVLV opened at $3.83 on Friday. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.28. The stock has a 50 day simple moving average of $3.76 and a 200-day simple moving average of $3.64.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. TD Cowen cut Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 28th. 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. Northland Capmk cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Northland Securities cut Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.60.

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.