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

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

Katapult Price Performance

NASDAQ KPLT opened at $7.00 on Thursday. The company has a fifty day moving average price of $9.54 and a 200-day moving average price of $8.44. Katapult has a 1 year low of $5.08 and a 1 year high of $23.54. The firm has a market cap of $31.23 million, a price-to-earnings ratio of -0.85 and a beta of 1.64.

Katapult (NASDAQ:KPLT) last posted its quarterly earnings data on Friday, March 28th. The company reported ($2.12) EPS for the quarter, missing the consensus estimate of ($1.09) by ($1.03). The business had revenue of $62.96 million for the quarter, compared to analysts’ expectations of $62.35 million. On average, research analysts anticipate that Katapult will post -3.09 EPS for the current fiscal year.

Institutional Trading of Katapult

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its position in Katapult by 52.5% during the fourth quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock valued at $137,000 after buying an additional 6,956 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Katapult by 61.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock worth $182,000 after purchasing an additional 10,234 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Katapult by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock worth $408,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in shares of Katapult by 9.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock worth $2,963,000 after purchasing an additional 38,000 shares during the period. 26.81% of the stock is currently owned by institutional investors.

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.