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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) saw some unusual options trading on Tuesday. Stock traders acquired 5,513 call options on the stock. This is an increase of approximately 1,690% compared to the typical daily volume of 308 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Evolv Technologies by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,878 shares of the company’s stock worth $296,000 after acquiring an additional 3,276 shares during the period. Mariner LLC lifted its holdings in Evolv Technologies by 15.9% during the fourth quarter. Mariner LLC now owns 26,532 shares of the company’s stock worth $105,000 after acquiring an additional 3,639 shares during the period. JPMorgan Chase & Co. lifted its holdings in Evolv Technologies by 8.5% during the third quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company’s stock worth $245,000 after acquiring an additional 4,756 shares during the period. MetLife Investment Management LLC lifted its holdings in Evolv Technologies by 7.1% during the third quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock worth $312,000 after acquiring an additional 5,090 shares during the period. Finally, Platform Technology Partners raised its stake in shares of Evolv Technologies by 3.0% in the fourth quarter. Platform Technology Partners now owns 185,451 shares of the company’s stock valued at $733,000 after buying an additional 5,431 shares during the period. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

Shares of EVLV stock traded up $0.05 on Wednesday, hitting $3.05. The company had a trading volume of 100,049 shares, compared to its average volume of 1,752,700. The firm has a market cap of $479.74 million, a P/E ratio of -21.75 and a beta of 1.68. The stock’s 50-day moving average is $3.56 and its two-hundred day moving average is $3.62. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $5.28.

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.