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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of unusually large options trading on Wednesday. Stock investors acquired 21,767 put options on the company. This is an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.

Katapult Stock Performance

Shares of NASDAQ:KPLT opened at $8.45 on Thursday. Katapult has a fifty-two week low of $5.08 and a fifty-two week high of $21.88. The business has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $8.67. The firm has a market cap of $38.36 million, a price-to-earnings ratio of -1.21 and a beta of 1.75.

Katapult (NASDAQ:KPLT) last issued its earnings results on Thursday, May 15th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.51). The business had revenue of $71.95 million during the quarter, compared to analyst estimates of $71.80 million. As a group, research analysts predict that Katapult will post -3.09 earnings per share for the current year.

Institutional Investors Weigh In On Katapult

A number of large investors have recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of Katapult by 52.5% during the 4th quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock valued at $137,000 after acquiring an additional 6,956 shares during the period. CIBC Private Wealth Group LLC grew 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 valued at $182,000 after acquiring an additional 10,234 shares during the period. Finally, Iridian Asset Management LLC CT boosted its stake in Katapult by 31.7% in the 1st quarter. Iridian Asset Management LLC CT now owns 576,648 shares of the company’s stock worth $5,899,000 after purchasing an additional 138,648 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.