Evolv Technologies Target of Unusually High Options Trading (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 stock. This is an increase of 1,690% compared to the typical daily volume of 308 call options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average 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 91,771 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $5.10, for a total transaction of $468,032.10. Following the transaction, the director directly owned 2,083,961 shares in the company, valued at $10,628,201.10. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 253,261 shares of company stock worth $1,410,326 over the last 90 days. Corporate insiders own 11.30% of the company’s stock.

Institutional Trading of Evolv Technologies

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

Evolv Technologies Stock Up 6.5%

NASDAQ EVLV opened at $6.05 on Wednesday. Evolv Technologies has a twelve month low of $2.64 and a twelve month high of $8.91. The stock has a market cap of $1.09 billion, a PE ratio of -28.81 and a beta of 1.89. The firm has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $6.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.23.

Evolv Technologies (NASDAQ:EVLV) last issued its 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. The firm had revenue of $38.50 million during the quarter, compared to analysts’ expectations of $36.44 million. Evolv Technologies had a negative return on equity of 30.45% and a negative net margin of 22.71%. On average, research analysts forecast that Evolv Technologies will post -0.27 EPS for the current year.

Evolv Technologies Company Profile

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.