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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) saw unusually large options trading on Tuesday. Stock investors 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.

Evolv Technologies Stock Performance

NASDAQ:EVLV opened at $6.83 on Wednesday. Evolv Technologies has a 1-year low of $3.88 and a 1-year high of $8.91. The firm has a 50 day simple moving average of $5.78 and a 200-day simple moving average of $6.40. The firm has a market cap of $1.23 billion, a PE ratio of -32.44 and a beta of 1.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.15.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.14. The business had revenue of $38.50 million for the quarter, compared to analysts' expectations of $36.44 million. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. On average, equities analysts expect that Evolv Technologies will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Ellenbogen sold 91,771 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $5.10, for a total value of $468,032.10. Following the transaction, the director owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. This represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Evolv Technologies

A number of large investors have recently modified their holdings of EVLV. Stoic Point Capital Management LLC purchased a new position in shares of Evolv Technologies in the fourth quarter valued at $40,724,000. Millennium Management LLC increased its stake in Evolv Technologies by 194.6% during the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company's stock worth $31,616,000 after buying an additional 2,766,335 shares during the period. Emerald Advisers LLC acquired a new position in Evolv Technologies in the 3rd quarter worth $19,780,000. Vanguard Group Inc. boosted its position in Evolv Technologies by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company's stock valued at $98,700,000 after buying an additional 1,802,928 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in Evolv Technologies in the 1st quarter valued at about $9,722,000. Institutional investors and hedge funds own 66.65% of the company's stock.

Wall Street Analysts Forecast Growth

EVLV has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Evolv Technologies in a research report on Tuesday, April 21st. Zacks Research upgraded Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Evolv Technologies has a consensus rating of "Buy" and a consensus price target of $9.13.

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.

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