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

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

Evolv Technologies Trading Down 1.1%

NASDAQ:EVLV opened at $5.29 on Wednesday. Evolv Technologies has a 12 month low of $2.64 and a 12 month high of $8.91. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $923.74 million, a price-to-earnings ratio of -14.30 and a beta of 1.89. The firm has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $7.01.

Analysts Set New Price Targets

EVLV has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. Lake Street Capital lifted their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. One equities research 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 stock. Based on data from MarketBeat, Evolv Technologies has a consensus rating of “Moderate Buy” and an average target price of $9.13.

Insider Buying and Selling

In other Evolv Technologies news, Director Michael Ellenbogen sold 80,745 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total transaction of $441,675.15. Following the completion of the sale, the director owned 2,083,961 shares of the company’s stock, valued at approximately $11,399,266.67. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Evolv Technologies by 5.7% in the third quarter. Arizona State Retirement System now owns 31,581 shares of the company’s stock valued at $238,000 after acquiring an additional 1,694 shares during the period. CW Advisors LLC lifted its holdings in shares of Evolv Technologies by 19.0% in the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after purchasing an additional 2,014 shares in the last quarter. Victory Capital Management Inc. grew its position in Evolv Technologies by 16.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after purchasing an additional 2,206 shares during the period. Jones Financial Companies Lllp increased its stake in Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Evolv Technologies by 13.2% during the fourth quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock worth $162,000 after buying an additional 2,651 shares during the last quarter. 66.65% of the stock is owned by institutional investors and hedge funds.

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.