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

Katapult Holdings, Inc. (NASDAQ:KPLT - Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders acquired 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the typical volume of 1,884 put options.

Institutional Trading of Katapult

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Katapult by 7.8% during the third quarter. Geode Capital Management LLC now owns 39,233 shares of the company's stock worth $408,000 after acquiring an additional 2,825 shares during the period. Northern Trust Corp boosted its position 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 purchasing an additional 6,956 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake 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 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 in the last quarter. Institutional investors own 26.81% of the company's stock.

Katapult Stock Down 8.3 %

Katapult stock traded down $1.08 during trading hours on Friday, hitting $11.90. 225,264 shares of the company traded hands, compared to its average volume of 38,631. Katapult has a 1-year low of $5.08 and a 1-year high of $23.54. The firm has a market cap of $52.25 million, a P/E ratio of -1.44 and a beta of 1.64. The firm's 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $8.90.

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Katapult (NASDAQ:KPLT - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported ($2.12) EPS for the quarter, missing analysts' consensus estimates of ($1.09) by ($1.03). The company had revenue of $62.96 million for the quarter, compared to analyst estimates of $62.35 million. On average, equities research analysts predict that Katapult will post -3.09 earnings per share for the current year.

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.