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

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

Institutional Investors Weigh In On Evolv Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC raised its position in shares of Evolv Technologies by 352.3% in the 3rd quarter. Barclays PLC now owns 211,551 shares of the company’s stock valued at $856,000 after buying an additional 164,775 shares in the last quarter. Geode Capital Management LLC increased its stake in Evolv Technologies by 14.4% in the third quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after acquiring an additional 355,611 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Evolv Technologies by 20.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock valued at $3,743,000 after acquiring an additional 158,877 shares during the last quarter. Wexford Capital LP acquired a new position in Evolv Technologies during the third quarter valued at approximately $810,000. Finally, Ameritas Advisory Services LLC bought a new stake in Evolv Technologies during the fourth quarter worth $325,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

EVLV opened at $3.03 on Wednesday. Evolv Technologies has a 52-week low of $2.01 and a 52-week high of $5.28. The firm has a market cap of $477.38 million, a P/E ratio of -21.64 and a beta of 1.68. The business’s fifty day moving average is $3.55 and its 200-day moving average is $3.57.

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.