Synovus Financial Corp Takes Position in Evolv Technologies Holdings, Inc. $EVLV

Synovus Financial Corp purchased a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 275,304 shares of the company’s stock, valued at approximately $2,079,000. Synovus Financial Corp owned approximately 0.16% of Evolv Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Evolv Technologies by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock valued at $249,000 after purchasing an additional 5,050 shares during the last quarter. Sigma Planning Corp purchased a new position in Evolv Technologies in the 2nd quarter worth $807,000. Fox Run Management L.L.C. bought a new stake in Evolv Technologies in the second quarter worth $124,000. Los Angeles Capital Management LLC purchased a new stake in Evolv Technologies during the 2nd quarter valued at about $817,000. Finally, Olympiad Research LP purchased a new stake in Evolv Technologies during the 2nd quarter valued at about $139,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Insider Buying and Selling at Evolv Technologies

In related news, Director Michael Ellenbogen sold 80,745 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total transaction of $441,675.15. Following the completion of the sale, the director directly owned 2,083,961 shares in the company, valued at approximately $11,399,266.67. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.30% of the stock is owned by company insiders.

Evolv Technologies Stock Down 7.4%

EVLV stock opened at $5.03 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20. Evolv Technologies Holdings, Inc. has a 1-year low of $2.64 and a 1-year high of $8.91. The stock has a market capitalization of $878.34 million, a P/E ratio of -13.59 and a beta of 1.86. The business has a fifty day moving average price of $6.39 and a 200-day moving average price of $7.11.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EVLV. Lake Street Capital increased their target price on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Company Profile

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.