Evolv Technologies Target of Unusually High Options Trading (NASDAQ:EVLV)

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the recipient of some unusual options trading on Tuesday. Investors acquired 5,513 call options on the stock. This is an increase of approximately 1,690% compared to the typical daily volume of 308 call options.

Evolv Technologies Trading Down 1.1%

Shares of NASDAQ EVLV opened at $5.62 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. Evolv Technologies has a 12 month low of $2.64 and a 12 month high of $8.91. The company has a market cap of $981.36 million, a price-to-earnings ratio of -15.19 and a beta of 1.86. The business has a fifty day simple moving average of $6.49 and a 200-day simple moving average of $7.15.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. Lake Street Capital boosted their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Evolv Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $9.13.

Insiders Place Their Bets

In other Evolv Technologies news, Director Richard A. Shapiro purchased 30,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were bought at an average cost of $6.00 per share, with a total value of $180,000.00. Following the completion of the acquisition, the director owned 52,515 shares of the company’s stock, valued at approximately $315,090. This trade represents a 133.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $6.20, for a total transaction of $500,619.00. Following the completion of the sale, the director directly owned 2,083,961 shares of the company’s stock, valued at $12,920,558.20. The trade was a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 61,300 shares of company stock worth $363,326. 11.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVLV. IFC & Insurance Marketing Inc. acquired a new position in Evolv Technologies in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Evolv Technologies by 471.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after buying an additional 5,614 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Evolv Technologies in the 3rd quarter worth about $60,000. FNY Investment Advisers LLC lifted its stake in Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after acquiring an additional 2,897 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Evolv Technologies during the 3rd quarter worth about $76,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

About Evolv Technologies

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.