Katapult Holdings, Inc. (NASDAQ:KPLT - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 21,767 put options on the company. This is an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.
Institutional Trading of Katapult
Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted 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 buying an additional 6,956 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of 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 acquiring an additional 10,234 shares during the period. Geode Capital Management LLC boosted its holdings in Katapult by 7.8% in the third quarter. Geode Capital Management LLC now owns 39,233 shares of the company's stock valued at $408,000 after acquiring an additional 2,825 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its position in Katapult by 9.5% in the fourth 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. Institutional investors and hedge funds own 26.81% of the company's stock.
Katapult Stock Performance
KPLT traded up $0.19 during midday trading on Friday, hitting $11.55. The company had a trading volume of 5,603 shares, compared to its average volume of 37,400. Katapult has a twelve month low of $5.08 and a twelve month high of $23.54. The company has a market capitalization of $50.72 million, a PE ratio of -1.41 and a beta of 1.64. The firm's 50-day simple moving average is $9.36 and its 200-day simple moving average is $8.85.
About Katapult
(
Get Free Report)
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.
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