Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) saw some unusual options trading on Tuesday. Traders bought 5,513 call options on the stock. This is an increase of approximately 1,690% compared to the typical daily volume of 308 call options.
Hedge Funds Weigh In On Evolv Technologies
Several institutional investors and hedge funds have recently made changes to their positions in EVLV. Autumn Glory Partners LLC acquired a new position in shares of Evolv Technologies in the fourth quarter valued at approximately $40,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Evolv Technologies in the fourth 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 shares of Evolv Technologies in the third quarter valued at approximately $63,000. Finally, Clare Market Investments LLC acquired a new position in shares of Evolv Technologies in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 66.65% of the company's stock.
Evolv Technologies Stock Down 2.8 %
Shares of Evolv Technologies stock traded down $0.09 on Friday, hitting $3.17. The stock had a trading volume of 1,329,733 shares, compared to its average volume of 1,456,308. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $5.28. The business's 50 day moving average is $3.69 and its two-hundred day moving average is $3.66. The stock has a market cap of $499.43 million, a price-to-earnings ratio of -22.64 and a beta of 1.68.
About Evolv Technologies
(
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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.
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