Evolv Technologies Sees Unusually High Options Volume (NASDAQ:EVLV)

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 5,513 call options on the company. This is an increase of approximately 1,690% compared to the average volume of 308 call options.

Insider Activity at Evolv Technologies

In related news, Director Michael Ellenbogen sold 80,745 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $6.20, for a total transaction of $500,619.00. Following the sale, the director owned 2,083,961 shares in the company, valued at $12,920,558.20. The trade was a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard A. Shapiro bought 16,300 shares of the stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $6.02 per share, with a total value of $98,126.00. Following the acquisition, the director owned 22,500 shares in the company, valued at approximately $135,450. This represents a 262.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 61,300 shares of company stock worth $363,326 and sold 440,745 shares worth $3,452,619. 11.30% of the stock is currently owned by insiders.

Institutional Trading of Evolv Technologies

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Evolv Technologies by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock worth $249,000 after acquiring an additional 5,050 shares in the last quarter. Rhumbline Advisers grew its stake in Evolv Technologies by 5.3% during the first quarter. Rhumbline Advisers now owns 178,391 shares of the company’s stock worth $557,000 after purchasing an additional 8,967 shares during the period. Sigma Planning Corp bought a new stake in Evolv Technologies in the second quarter worth approximately $807,000. Fox Run Management L.L.C. acquired a new position in Evolv Technologies in the second quarter valued at approximately $124,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Evolv Technologies during the 2nd quarter worth approximately $817,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on EVLV. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. Lake Street Capital boosted 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. Finally, Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Evolv Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $6.08 on Wednesday. The stock has a market capitalization of $1.06 billion, a PE ratio of -16.43 and a beta of 1.85. The business’s 50 day simple moving average is $6.62 and its 200 day simple moving average is $7.19. 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 has a one year low of $2.64 and a one year high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. The firm had revenue of $42.85 million for the quarter, compared to the consensus estimate of $33.73 million. As a group, research analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current year.

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.