Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Get Free Report) saw unusually large options trading on Tuesday. Stock traders bought 5,513 call options on the stock. This represents an increase of 1,690% compared to the average volume of 308 call options.
Insiders Place Their Bets
In other Evolv Technologies news, insider Michael Ellenbogen sold 83,334 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $7.26, for a total transaction of $605,004.84. Following the transaction, the insider now directly owns 2,390,558 shares in the company, valued at approximately $17,355,451.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Evolv Technologies news, CRO Anthony John Derosa sold 10,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $3.80, for a total transaction of $38,000.00. Following the sale, the executive now owns 38,832 shares of the company’s stock, valued at approximately $147,561.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Ellenbogen sold 83,334 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $7.26, for a total value of $605,004.84. Following the sale, the insider now directly owns 2,390,558 shares in the company, valued at approximately $17,355,451.08. The disclosure for this sale can be found here. Insiders have sold 214,134 shares of company stock worth $1,346,939 in the last ninety days. 12.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Evolv Technologies
A number of large investors have recently modified their holdings of EVLV. State of Wyoming increased its holdings in shares of Evolv Technologies by 100.1% in the 2nd quarter. State of Wyoming now owns 5,558 shares of the company’s stock valued at $33,000 after acquiring an additional 2,780 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Evolv Technologies by 47.6% during the second quarter. Ameritas Investment Partners Inc. now owns 9,305 shares of the company’s stock worth $56,000 after acquiring an additional 3,001 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in shares of Evolv Technologies by 126.6% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 6,257 shares of the company’s stock worth $38,000 after purchasing an additional 3,496 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Evolv Technologies by 28.8% in the third quarter. Global Retirement Partners LLC now owns 17,000 shares of the company’s stock worth $79,000 after buying an additional 3,800 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Evolv Technologies by 117.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,642 shares of the company’s stock valued at $52,000 after purchasing an additional 4,661 shares in the last quarter. 52.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Evolv Technologies Stock Performance
Shares of Evolv Technologies stock opened at $4.25 on Wednesday. The business has a 50-day simple moving average of $5.17 and a 200-day simple moving average of $2.97. The company has a market cap of $637.48 million, a PE ratio of -4.38 and a beta of 1.42. Evolv Technologies has a one year low of $1.98 and a one year high of $8.30.
Evolv Technologies (NASDAQ:EVLV – Get Free Report) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $14.19 million. Evolv Technologies had a negative return on equity of 45.24% and a negative net margin of 187.36%. On average, sell-side analysts predict that Evolv Technologies will post -0.93 earnings per share for the current fiscal year.
Evolv Technologies Company Profile
Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening. 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.
- Five stocks we like better than Evolv Technologies
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Caterpillar crawls into a new buying opportunity
- Dividend Capture Strategy: What You Need to Know
- Is there merit in these low-beta moat stocks? Analysts say yes
- How to Choose Top Rated Stocks
- Oil swings have led analysts to recommend these 2 stocks
Receive News & Ratings for Evolv Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolv Technologies and related companies with MarketBeat.com's FREE daily email newsletter.