Investors Purchase High Volume of Call Options on Evolv Technologies (NASDAQ:EVLV)

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

Insider Activity at Evolv Technologies

In other Evolv Technologies news, Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $6.20, for a total transaction of $500,619.00. Following the completion of the sale, the director owned 2,083,961 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Kevin M. Charlton purchased 15,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was bought at an average cost of $5.68 per share, for a total transaction of $85,200.00. Following the purchase, the director owned 44,081 shares in the company, valued at $250,380.08. This trade represents a 51.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 61,300 shares of company stock worth $363,326 over the last ninety days. Company insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Evolv Technologies

Several institutional investors have recently added to or reduced their stakes in EVLV. Arizona State Retirement System increased its position in shares of Evolv Technologies by 5.7% in the third quarter. Arizona State Retirement System now owns 31,581 shares of the company’s stock valued at $238,000 after acquiring an additional 1,694 shares during the last quarter. CW Advisors LLC grew its stake in Evolv Technologies by 19.0% in the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after purchasing an additional 2,014 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Evolv Technologies by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock worth $118,000 after purchasing an additional 2,206 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after purchasing an additional 2,266 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its stake in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after purchasing an additional 2,897 shares in the last quarter. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Trading Down 4.7%

NASDAQ EVLV opened at $5.74 on Wednesday. Evolv Technologies has a one year low of $2.64 and a one year high of $8.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20. The firm has a market cap of $1.00 billion, a P/E ratio of -15.51 and a beta of 1.86. The stock’s 50-day moving average is $6.66 and its 200-day moving average is $7.22.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $42.85 million during the quarter, compared to analyst estimates of $33.73 million. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%. Sell-side analysts anticipate that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVLV has been the topic of several analyst reports. Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Lake Street Capital upped their price target on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.