Investors Purchase High Volume of Evolv Technologies Call Options (NASDAQ:EVLV)

Key Points

• Traders purchased 5,513 call options on EVLV—about a 1,690% increase versus the average volume of 308 calls—indicating unusually heavy bullish options activity.
• Director Michael Ellenbogen sold 91,771 shares at roughly $5.10 (a 4.22% reduction in his position), and insiders sold 253,261 shares in the last quarter; insiders now own 11.30% of the company.
• Evolv reported better-than-expected results (EPS $0.06 vs. -$0.08 estimate; revenue $38.5M vs. $36.44M) but remains unprofitable with negative ROE and net margin; analysts have a consensus Moderate Buy with an average price target of $9.13, while Weiss Ratings maintains a sell (D-) rating.

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 5,513 call options on the stock. This represents an increase of approximately 1,690% compared to the average volume of 308 call options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Evolv Technologies has a consensus rating of "Moderate Buy" and an average price target of $9.13.

Insiders Place Their Bets

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the stock in a transaction on 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 owned 2,083,961 shares in the company, valued at $10,628,201.10. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 253,261 shares of company stock worth $1,410,326. 11.30% of the stock is owned by company insiders.

Institutional Trading of Evolv Technologies

A number of hedge funds have recently made changes to their positions in EVLV. IFC & Insurance Marketing Inc. acquired a new stake in shares of Evolv Technologies during the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Evolv Technologies by 471.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company's stock valued at $49,000 after purchasing an additional 5,614 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Evolv Technologies during the third quarter valued at about $60,000. FNY Investment Advisers LLC boosted its stake in shares of Evolv Technologies by 48.3% during the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company's stock valued at $63,000 after purchasing an additional 2,897 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of Evolv Technologies during the fourth quarter valued at about $72,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Evolv Technologies Stock Performance

NASDAQ:EVLV opened at $6.30 on Wednesday. The stock's 50-day simple moving average is $5.58 and its 200 day simple moving average is $6.48. The firm has a market capitalization of $1.13 billion, a PE ratio of -30.00 and a beta of 1.78. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. Evolv Technologies has a twelve month low of $3.10 and a twelve month high of $8.91.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. Evolv Technologies had a negative return on equity of 30.45% and a negative net margin of 22.71%.The business had revenue of $38.50 million for the quarter, compared to analyst estimates of $36.44 million. On average, analysts anticipate that Evolv Technologies will post -0.27 EPS for the current fiscal 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.

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