From MarketBeat:



Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) experienced unusual options trading on Tuesday with traders purchasing 5,513 call options, representing a significant increase compared to the average daily volume. Additionally, insiders, including CRO Anthony John Derosa and insider Michael Ellenbogen, have also recently sold shares of the stock, with corporate insiders selling a total of 109,233 shares over the last quarter.

Institutional investors and hedge funds have made changes to their positions in Evolv Technologies, with MYDA Advisors LLC significantly boosting its position in the company. Evolv Technologies has also recently released its quarterly earnings results, outperforming the earnings consensus estimate. Analysts have set new price targets for the company, with Cantor Fitzgerald rating it as “overweight” and Lake Street Capital giving it a “buy” rating with a $6.00 target price. Evolv Technologies provides AI-based weapons detection for security screening and its products include the Evolv Express system and Evolv Insights.

Readers are encouraged to consult with top-rated analysts’ recommendations before considering investing in Evolv Technologies, as the company currently holds a “Moderate Buy” rating among analysts.



Read more: Evolv Technologies Sees Unusually Large Options Volume (NASDAQ:EVLV)