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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.

Katapult Stock Performance

Shares of KPLT opened at $14.59 on Thursday. The firm has a market cap of $59.67 million, a PE ratio of -1.63 and a beta of 1.63. The firm’s 50 day moving average price is $12.01 and its 200 day moving average price is $11.33. Katapult has a twelve month low of $8.26 and a twelve month high of $24.76.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($4.46) earnings per share for the quarter. The company had revenue of $56.71 million for the quarter.

Hedge Funds Weigh In On Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT raised its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 22.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 328,000 shares of the company’s stock after purchasing an additional 60,800 shares during the period. Iridian Asset Management LLC CT owned 8.07% of Katapult worth $3,824,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Company Profile

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 retailers.