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

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

Evolv Technologies Price Performance

Shares of EVLV traded up $0.05 during mid-day trading on Wednesday, hitting $3.05. The stock had a trading volume of 100,049 shares, compared to its average volume of 1,752,700. The firm has a market cap of $479.74 million, a P/E ratio of -21.75 and a beta of 1.68. The business has a fifty day moving average price of $3.56 and a 200-day moving average price of $3.62. Evolv Technologies has a 52 week low of $2.01 and a 52 week high of $5.28.

Hedge Funds Weigh In On Evolv Technologies

Hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in Evolv Technologies by 352.3% during the third quarter. Barclays PLC now owns 211,551 shares of the company’s stock worth $856,000 after buying an additional 164,775 shares in the last quarter. Geode Capital Management LLC grew its position in Evolv Technologies by 14.4% during the third quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock worth $11,426,000 after buying an additional 355,611 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Evolv Technologies by 20.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock worth $3,743,000 after buying an additional 158,877 shares in the last quarter. Wexford Capital LP purchased a new position in Evolv Technologies during the third quarter worth about $810,000. Finally, Ameritas Advisory Services LLC purchased a new position in Evolv Technologies during the fourth quarter worth about $325,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

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.