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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the target 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 volume of 308 call options.

Evolv Technologies Trading Down 2.9 %

Evolv Technologies stock opened at $3.03 on Wednesday. The company has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $3.57. Evolv Technologies has a 1-year low of $2.01 and a 1-year high of $5.28. The company has a market cap of $477.38 million, a P/E ratio of -21.64 and a beta of 1.68.

Hedge Funds Weigh In On Evolv Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Autumn Glory Partners LLC acquired a new position in Evolv Technologies during the fourth quarter worth approximately $40,000. B. Riley Wealth Advisors Inc. bought a new position in Evolv Technologies during the fourth quarter worth $40,000. Cibc World Markets Corp bought a new position in Evolv Technologies during the fourth quarter worth $49,000. Virtu Financial LLC acquired a new position in shares of Evolv Technologies in the third quarter valued at $63,000. Finally, Clare Market Investments LLC bought a new position in shares of Evolv Technologies in the fourth quarter valued at about $71,000. 66.65% of the stock is owned by 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.