Evolv Technologies Target of Unusually Large Options Trading (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 1,690% compared to the typical daily volume of 308 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its stake in shares of Evolv Technologies by 317.1% during the 4th quarter. Marshall Wace LLP now owns 3,275,025 shares of the company’s stock valued at $12,936,000 after buying an additional 2,489,825 shares during the period. JPMorgan Chase & Co. increased its position in Evolv Technologies by 2,428.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company’s stock worth $6,036,000 after purchasing an additional 1,467,538 shares during the last quarter. CenterBook Partners LP raised its stake in shares of Evolv Technologies by 15.0% during the 4th quarter. CenterBook Partners LP now owns 3,008,643 shares of the company’s stock worth $11,884,000 after purchasing an additional 393,563 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Evolv Technologies by 14.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock worth $11,426,000 after purchasing an additional 355,611 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Evolv Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company’s stock valued at $35,256,000 after buying an additional 238,963 shares during the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Down 1.2 %

Shares of Evolv Technologies stock opened at $3.35 on Thursday. The stock has a market cap of $527.79 million, a PE ratio of -23.93 and a beta of 1.68. Evolv Technologies has a 12 month low of $2.01 and a 12 month high of $4.65. The business has a fifty day simple moving average of $3.34 and a 200-day simple moving average of $3.49.

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.