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

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

Analyst Ratings Changes

EVLV has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. Zacks Research upgraded Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Lake Street Capital lifted their target price on Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, four have given 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Price Performance

Evolv Technologies stock opened at $6.08 on Wednesday. Evolv Technologies has a 52 week low of $2.64 and a 52 week high of $8.91. The company’s 50 day moving average price is $6.62 and its two-hundred day moving average price is $7.19. The stock has a market cap of $1.06 billion, a P/E ratio of -16.43 and a beta of 1.85. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $42.85 million during the quarter, compared to the consensus estimate of $33.73 million. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%. On average, equities analysts predict that Evolv Technologies will post -0.27 earnings per share for the current year.

Insider Activity at Evolv Technologies

In related news, Director Richard A. Shapiro acquired 30,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were bought at an average price of $6.00 per share, with a total value of $180,000.00. Following the transaction, the director directly owned 52,515 shares of the company’s stock, valued at $315,090. This trade represents a 133.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anil Chitkara sold 240,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $8.20, for a total value of $1,968,000.00. Following the completion of the sale, the insider owned 1,275,100 shares of the company’s stock, valued at approximately $10,455,820. This represents a 15.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders acquired 61,300 shares of company stock valued at $363,326 and sold 440,745 shares valued at $3,452,619. 11.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Evolv Technologies

A number of hedge funds have recently made changes to their positions in EVLV. Arizona State Retirement System grew its position in Evolv Technologies by 5.7% during the third quarter. Arizona State Retirement System now owns 31,581 shares of the company’s stock valued at $238,000 after buying an additional 1,694 shares during the period. CW Advisors LLC boosted its stake in Evolv Technologies by 19.0% in the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after acquiring an additional 2,014 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Evolv Technologies by 16.5% during 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 during the period. Jones Financial Companies Lllp increased its stake in shares of Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after purchasing an additional 2,266 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after purchasing an additional 2,897 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors.

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.