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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 5,513 call options on the company. This is an increase of 1,690% compared to the typical volume of 308 call options.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Evolv Technologies by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,878 shares of the company's stock worth $296,000 after buying an additional 3,276 shares during the last quarter. Mariner LLC lifted its holdings in shares of Evolv Technologies by 15.9% in the 4th quarter. Mariner LLC now owns 26,532 shares of the company's stock valued at $105,000 after buying an additional 3,639 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Evolv Technologies by 8.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company's stock valued at $245,000 after buying an additional 4,756 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Evolv Technologies by 7.1% in the 3rd quarter. MetLife Investment Management LLC now owns 77,055 shares of the company's stock valued at $312,000 after buying an additional 5,090 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Evolv Technologies by 50.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company's stock worth $62,000 after purchasing an additional 5,100 shares during the period. 66.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen lowered Evolv Technologies from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, October 28th. Northland Securities lowered Evolv Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, October 28th. Northland Capmk lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Finally, Lake Street Capital decreased their target price on Evolv Technologies from $3.50 to $2.75 and set a "hold" rating for the company in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.60.

Evolv Technologies Trading Down 6.3 %

Shares of EVLV traded down $0.24 during trading hours on Friday, hitting $3.59. The company had a trading volume of 1,032,557 shares, compared to its average volume of 1,481,969. The company has a market capitalization of $565.60 million, a PE ratio of -25.64 and a beta of 1.66. Evolv Technologies has a one year low of $2.01 and a one year high of $5.28. The company's fifty day moving average price is $3.76 and its two-hundred day moving average price is $3.64.

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.