Evolv Technologies Target of Unusually Large Options Trading (NASDAQ:EVLV)

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 5,513 call options on the stock. This is an increase of approximately 1,690% compared to the typical volume of 308 call options.

Evolv Technologies Stock Up 3.0 %

Shares of EVLV stock opened at $3.09 on Thursday. The business has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $3.62. Evolv Technologies has a 12-month low of $2.01 and a 12-month high of $5.28. The firm has a market cap of $486.83 million, a P/E ratio of -22.07 and a beta of 1.68.

Institutional Investors Weigh In On Evolv Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Autumn Glory Partners LLC bought a new stake in shares of Evolv Technologies in the 4th quarter valued at about $40,000. B. Riley Wealth Advisors Inc. purchased a new position in Evolv Technologies during the 4th quarter valued at about $40,000. Cibc World Markets Corp purchased a new position in Evolv Technologies during the 4th quarter valued at about $49,000. Virtu Financial LLC purchased a new position in Evolv Technologies during the 3rd quarter valued at about $63,000. Finally, Clare Market Investments LLC purchased a new position in shares of Evolv Technologies during the 4th quarter worth approximately $71,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Company Profile

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.