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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the target of some unusual options trading on Tuesday. Stock traders purchased 5,513 call options on the company. This represents an increase of 1,690% compared to the average daily volume of 308 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on EVLV shares. Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Lake Street Capital raised their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.13.

Insider Activity

In other Evolv Technologies news, Director Kevin M. Charlton bought 15,000 shares of Evolv Technologies stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $5.68 per share, with a total value of $85,200.00. Following the completion of the acquisition, the director owned 44,081 shares in the company, valued at approximately $250,380.08. This represents a 51.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Ellenbogen sold 80,745 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired 61,300 shares of company stock valued at $363,326 in the last quarter. 11.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Evolv Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Evolv Technologies by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock valued at $98,700,000 after acquiring an additional 1,802,928 shares during the last quarter. Millennium Management LLC grew its position in shares of Evolv Technologies by 194.6% during the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after purchasing an additional 2,766,335 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Evolv Technologies by 74.4% in the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock worth $24,331,000 after purchasing an additional 1,662,797 shares during the last quarter. Key Colony Management LLC lifted its position in shares of Evolv Technologies by 5.5% in the third quarter. Key Colony Management LLC now owns 3,275,095 shares of the company’s stock worth $24,727,000 after buying an additional 170,095 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Evolv Technologies by 88.3% in the third quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock worth $21,055,000 after buying an additional 1,307,955 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

Shares of Evolv Technologies stock opened at $5.44 on Thursday. The company has a market capitalization of $949.93 million, a price-to-earnings ratio of -14.70 and a beta of 1.86. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $6.64 and its 200-day simple moving average is $7.21. Evolv Technologies has a 52 week low of $2.64 and a 52 week high of $8.91.

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