Investors Buy Large Volume of Evolv Technologies Call Options (NASDAQ:EVLV)

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) saw some unusual options trading activity on Tuesday. Traders purchased 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 Stock Down 1.4 %

NASDAQ EVLV opened at $4.10 on Wednesday. The company’s 50 day moving average is $3.26 and its 200-day moving average is $3.46. Evolv Technologies has a 12-month low of $2.01 and a 12-month high of $4.65. The firm has a market cap of $645.96 million, a P/E ratio of -29.28 and a beta of 1.68.

Institutional Trading of Evolv Technologies

Several hedge funds and other institutional investors have recently modified their holdings of EVLV. Autumn Glory Partners LLC bought a new stake in Evolv Technologies during the 4th quarter worth approximately $40,000. B. Riley Wealth Advisors Inc. bought a new stake in Evolv Technologies during the 4th quarter worth approximately $40,000. Cibc World Markets Corp bought a new stake in Evolv Technologies during the 4th quarter worth approximately $49,000. Virtu Financial LLC bought a new stake in Evolv Technologies during the 3rd quarter worth approximately $63,000. Finally, Teacher Retirement System of Texas bought a new stake in Evolv Technologies during the 1st quarter worth approximately $50,000. Institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

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.