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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KPLT. Northern Trust Corp grew its holdings in Katapult by 52.5% during the 4th quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock worth $137,000 after acquiring an additional 6,956 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Katapult by 61.6% in 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 period. 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 owned by institutional investors.

Katapult Price Performance

Shares of KPLT opened at $8.81 on Thursday. The firm has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $8.39. The company has a market cap of $39.30 million, a P/E ratio of -1.07 and a beta of 1.64. Katapult has a one year low of $5.08 and a one year high of $21.88.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.51). The firm had revenue of $71.95 million for the quarter, compared to the consensus estimate of $71.80 million. On average, analysts expect that Katapult will post -3.09 earnings per share for the current fiscal year.

About Katapult

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.