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

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. Lake Street Capital lifted their target price on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.13.

Insider Activity at Evolv Technologies

In related news, Director Kevin M. Charlton bought 15,000 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was bought at an average price of $5.68 per share, with a total value of $85,200.00. Following the purchase, the director directly owned 44,081 shares of the company’s stock, valued at approximately $250,380.08. This represents a 51.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Ellenbogen sold 80,745 shares of the business’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 transaction, the director owned 2,083,961 shares in the company, valued at approximately $12,920,558.20. This represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 61,300 shares of company stock valued at $363,326. Corporate insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EVLV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Evolv Technologies by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock valued at $249,000 after acquiring an additional 5,050 shares during the period. Sigma Planning Corp acquired a new position in shares of Evolv Technologies during the 2nd quarter worth about $807,000. Fox Run Management L.L.C. bought a new stake in Evolv Technologies during the 2nd quarter valued at approximately $124,000. Los Angeles Capital Management LLC acquired a new stake in Evolv Technologies in the 2nd quarter valued at approximately $817,000. Finally, Olympiad Research LP bought a new position in Evolv Technologies in the 2nd quarter worth approximately $139,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Down 1.1%

Shares of Evolv Technologies stock opened at $5.62 on Wednesday. Evolv Technologies has a 12-month low of $2.64 and a 12-month high of $8.91. 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 has a 50 day moving average price of $6.49 and a two-hundred day moving average price of $7.15. The stock has a market capitalization of $981.36 million, a P/E ratio of -15.19 and a beta of 1.86.

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.