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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors bought 5,513 call options on the company. This is an increase of approximately 1,690% compared to the average volume of 308 call options.

Institutional Trading of Evolv Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC purchased a new stake in shares of Evolv Technologies in the second quarter worth approximately $30,000. Worth Financial Advisory Group LLC raised its position in Evolv Technologies by 42.0% in the 2nd quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company's stock valued at $38,000 after buying an additional 4,435 shares during the last quarter. SG Americas Securities LLC bought a new position in Evolv Technologies during the 3rd quarter valued at $44,000. Principal Financial Group Inc. boosted its holdings in Evolv Technologies by 30.5% during the 2nd quarter. Principal Financial Group Inc. now owns 17,650 shares of the company's stock worth $45,000 after acquiring an additional 4,127 shares during the last quarter. Finally, First Bank & Trust bought a new stake in shares of Evolv Technologies in the 3rd quarter worth $52,000. Institutional investors own 66.65% of the company's stock.

Evolv Technologies Trading Up 0.8 %

Shares of NASDAQ EVLV traded up $0.02 during midday trading on Wednesday, hitting $2.51. 2,921,736 shares of the stock traded hands, compared to its average volume of 1,726,335. Evolv Technologies has a one year low of $2.01 and a one year high of $5.73. The business has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $3.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EVLV shares. Northland Securities lowered Evolv Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, October 28th. Northland Capmk lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. TD Cowen downgraded shares of Evolv Technologies from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, October 28th. Finally, Lake Street Capital dropped their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a "hold" rating on the stock in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Evolv Technologies presently has a consensus rating of "Hold" and an average target price of $5.60.

Evolv Technologies Company Profile

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.