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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 5,513 call options on the stock. This is an increase of 1,690% compared to the typical daily volume of 308 call options.

Evolv Technologies Price Performance

Shares of EVLV opened at $3.03 on Wednesday. The company has a market cap of $477.38 million, a PE ratio of -21.64 and a beta of 1.68. The firm has a 50-day moving average of $3.55 and a 200-day moving average of $3.57. Evolv Technologies has a one year low of $2.01 and a one year high of $5.28.

Hedge Funds Weigh In On Evolv Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Autumn Glory Partners LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter valued at approximately $40,000. B. Riley Wealth Advisors Inc. acquired a new stake in Evolv Technologies during the 4th quarter valued at $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. Institutional investors own 66.65% of the company’s stock.

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.