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

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

Institutional Trading of Evolv Technologies

Several institutional investors and hedge funds have recently bought and sold shares of EVLV. Autumn Glory Partners LLC purchased a new stake in shares of Evolv Technologies in the fourth quarter valued at about $40,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Evolv Technologies in the 4th quarter valued at approximately $40,000. Cibc World Markets Corp acquired a new position in shares of Evolv Technologies in the fourth quarter valued at approximately $49,000. Virtu Financial LLC acquired a new position in Evolv Technologies in the 3rd quarter valued at $63,000. Finally, Clare Market Investments LLC purchased a new position in Evolv Technologies during the 4th quarter worth $71,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Trading Up 1.2 %

Shares of NASDAQ EVLV opened at $3.36 on Thursday. The stock has a market cap of $529.37 million, a P/E ratio of -24.00 and a beta of 1.66. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $5.28. The stock has a 50 day moving average of $3.70 and a two-hundred day moving average of $3.67.

About Evolv Technologies

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.