Evolv Technologies Sees Unusually High Options Volume (NASDAQ:EVLV)

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

Evolv Technologies Stock Performance

Shares of EVLV opened at $3.11 on Thursday. Evolv Technologies has a 52 week low of $2.01 and a 52 week high of $5.17. The firm has a market capitalization of $489.98 million, a price-to-earnings ratio of -22.21 and a beta of 1.68. The business’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $3.57.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Evolv Technologies during the 3rd quarter worth approximately $167,000. Charles Schwab Investment Management Inc. raised its stake in Evolv Technologies by 20.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock valued at $3,743,000 after acquiring an additional 158,877 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Evolv Technologies by 7.1% during the 3rd quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock worth $312,000 after buying an additional 5,090 shares during the period. Verition Fund Management LLC boosted its stake in Evolv Technologies by 147.4% in the 3rd quarter. Verition Fund Management LLC now owns 40,715 shares of the company’s stock valued at $165,000 after purchasing an additional 24,259 shares during the period. Finally, HighTower Advisors LLC raised its stake in Evolv Technologies by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 202,680 shares of the company’s stock worth $820,000 after purchasing an additional 6,183 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

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.