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

Katapult Holdings, Inc. (NASDAQ:KPLT - Get Free Report) saw unusually large options trading on Wednesday. Stock investors bought 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.

Hedge Funds Weigh In On Katapult

Several hedge funds and other institutional investors have recently bought and sold shares of KPLT. Northern Trust Corp lifted its stake in 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 lifted its position in Katapult by 61.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company's stock valued at $182,000 after purchasing an additional 10,234 shares during the period. Iridian Asset Management LLC CT boosted its holdings in Katapult by 9.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company's stock valued at $2,963,000 after purchasing an additional 38,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in 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 period. Institutional investors and hedge funds own 26.81% of the company's stock.

Katapult Price Performance

Katapult stock traded up $0.28 during trading hours on Friday, hitting $11.64. 5,870 shares of the stock traded hands, compared to its average volume of 37,262. The firm's 50 day moving average price is $9.46 and its 200-day moving average price is $8.81. The stock has a market capitalization of $51.12 million, a price-to-earnings ratio of -1.41 and a beta of 1.64. Katapult has a 1 year low of $5.08 and a 1 year high of $23.54.

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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.