Evolv Technologies Sees Unusually Large Options Volume (NASDAQ:EVLV)

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

Evolv Technologies Price Performance

Shares of EVLV opened at $6.02 on Thursday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -28.67 and a beta of 1.78. Evolv Technologies has a fifty-two week low of $2.64 and a fifty-two week high of $8.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.15. The business’s 50-day moving average is $5.61 and its 200-day moving average is $6.63.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.14. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. The business had revenue of $38.50 million during the quarter, compared to analysts’ expectations of $36.44 million. Equities research analysts expect that Evolv Technologies will post -0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Insiders Place Their Bets

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction 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 sale, the director directly owned 2,083,961 shares of the company’s stock, valued at $10,628,201.10. The trade was a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 253,261 shares of company stock worth $1,410,326. Insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Evolv Technologies

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Evolv Technologies by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after acquiring an additional 1,802,928 shares during the last quarter. Stoic Point Capital Management LLC acquired a new stake in Evolv Technologies during the fourth quarter valued at $40,724,000. Millennium Management LLC grew its stake in Evolv Technologies by 194.6% in 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 grew its stake in Evolv Technologies by 74.4% in the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock valued at $24,331,000 after purchasing an additional 1,662,797 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Evolv Technologies by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock worth $26,357,000 after purchasing an additional 557,703 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

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.