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

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

Insiders Place Their Bets

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $5.10, for a total transaction of $468,032.10. Following the completion of the sale, the director directly owned 2,083,961 shares in the company, valued at $10,628,201.10. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 253,261 shares of company stock valued at $1,410,326. 11.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Emerald Advisers LLC acquired a new position in shares of Evolv Technologies in the third quarter valued at approximately $19,780,000. Torray Investment Partners LLC bought a new position in Evolv Technologies during the third quarter worth $1,244,000. Calamos Advisors LLC acquired a new position in shares of Evolv Technologies in the 3rd quarter valued at about $1,353,000. Vanguard Group Inc. lifted its stake in Evolv Technologies by 17.1% in the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock valued at $90,464,000 after buying an additional 1,750,073 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Evolv Technologies by 74.4% during the 2nd quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock valued at $24,331,000 after acquiring an additional 1,662,797 shares during the period. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Evolv Technologies Stock Up 2.3%

Shares of NASDAQ EVLV opened at $5.31 on Wednesday. The company has a market cap of $952.35 million, a price-to-earnings ratio of -25.28 and a beta of 1.89. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24. Evolv Technologies has a 12 month low of $2.64 and a 12 month high of $8.91. The stock has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $6.80.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. The company had revenue of $38.50 million for the quarter, compared to analyst estimates of $36.44 million. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. As a group, analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Evolv Technologies has an average rating of “Moderate Buy” and a consensus price target 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.