Cutter & CO Brokerage Inc. Acquires Shares of 53,500 Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Cutter & CO Brokerage Inc. acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, Holdings Channel.com reports. The fund acquired 53,500 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Evolv Technologies by 4.0% in the fourth quarter. Bank of New York Mellon Corp now owns 360,420 shares of the company’s stock valued at $1,424,000 after purchasing an additional 13,870 shares during the last quarter. Edge Capital Group LLC lifted its holdings in shares of Evolv Technologies by 0.8% in the 4th quarter. Edge Capital Group LLC now owns 4,835,206 shares of the company’s stock valued at $19,099,000 after buying an additional 36,400 shares during the period. Ardent Capital Management Inc. boosted its stake in shares of Evolv Technologies by 80.8% in the fourth quarter. Ardent Capital Management Inc. now owns 66,926 shares of the company’s stock worth $264,000 after buying an additional 29,915 shares during the last quarter. Autumn Glory Partners LLC acquired a new stake in Evolv Technologies during the fourth quarter worth about $40,000. Finally, Platform Technology Partners raised its position in Evolv Technologies by 3.0% during the fourth quarter. Platform Technology Partners now owns 185,451 shares of the company’s stock valued at $733,000 after acquiring an additional 5,431 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Trading Up 0.6 %

Shares of NASDAQ:EVLV opened at $3.48 on Thursday. The company has a market capitalization of $548.27 million, a PE ratio of -24.86 and a beta of 1.66. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.28. The business has a 50 day moving average of $3.74 and a two-hundred day moving average of $3.66.

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.