Stock Traders Purchase High Volume of Katapult Put Options (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT – Get Rating) was the target of unusually large options trading activity on Wednesday. Stock investors bought 21,767 put options on the company. This represents an increase of 1,055% compared to the typical daily volume of 1,884 put options.

Katapult Price Performance

NASDAQ KPLT opened at $0.54 on Thursday. The company has a debt-to-equity ratio of 11.32, a quick ratio of 3.01 and a current ratio of 3.01. The firm’s 50 day moving average price is $0.97 and its 200-day moving average price is $0.99. Katapult has a 52-week low of $0.52 and a 52-week high of $2.70. The company has a market cap of $53.16 million, a PE ratio of -1.38 and a beta of 1.19.

Insiders Place Their Bets

In other Katapult news, CEO Orlando Zayas sold 61,081 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $0.87, for a total value of $53,140.47. Following the transaction, the chief executive officer now directly owns 2,935,505 shares in the company, valued at approximately $2,553,889.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 48.90% of the company’s stock.

Hedge Funds Weigh In On Katapult

Hedge funds and other institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. bought a new position in shares of Katapult during the first quarter valued at approximately $27,000. Cresset Asset Management LLC bought a new position in shares of Katapult during the first quarter valued at approximately $30,000. ExodusPoint Capital Management LP purchased a new stake in Katapult during the second quarter valued at approximately $25,000. Millennium Management LLC purchased a new stake in Katapult during the second quarter valued at approximately $59,000. Finally, Renaissance Technologies LLC purchased a new stake in Katapult during the first quarter valued at approximately $170,000. 20.01% of the stock is currently owned by institutional investors.

About Katapult

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Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce merchants.