Key Colony Management LLC Sells 2,061,463 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Key Colony Management LLC decreased its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 40.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,000,000 shares of the company’s stock after selling 2,061,463 shares during the period. Evolv Technologies makes up 17.7% of Key Colony Management LLC’s portfolio, making the stock its 3rd largest position. Key Colony Management LLC owned approximately 1.90% of Evolv Technologies worth $11,850,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Evolv Technologies in the third quarter valued at approximately $44,000. Principal Financial Group Inc. raised its stake in shares of Evolv Technologies by 30.5% in the 2nd quarter. Principal Financial Group Inc. now owns 17,650 shares of the company’s stock valued at $45,000 after purchasing an additional 4,127 shares during the period. First Bank & Trust bought a new stake in shares of Evolv Technologies in the third quarter valued at about $52,000. Sequoia Financial Advisors LLC boosted its position in shares of Evolv Technologies by 50.5% during the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock worth $62,000 after buying an additional 5,100 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Evolv Technologies during the third quarter worth about $63,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Trading Up 1.6 %

Shares of EVLV opened at $3.14 on Wednesday. The company’s fifty day simple moving average is $3.50 and its 200 day simple moving average is $3.50. Evolv Technologies Holdings, Inc. has a 1-year low of $2.01 and a 1-year high of $5.73. The company has a market cap of $494.71 million, a price-to-earnings ratio of -22.43 and a beta of 1.66.

Analyst Upgrades and Downgrades

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