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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading on Wednesday. Stock traders bought 21,767 put options on the stock. This is an increase of 1,055% compared to the average volume of 1,884 put options.

Institutional Investors Weigh In On Katapult

Large investors have recently made changes to their positions in the company. Northern Trust Corp grew its position in Katapult by 52.5% in the fourth quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock worth $137,000 after buying an additional 6,956 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Katapult by 61.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock worth $182,000 after acquiring an additional 10,234 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Katapult by 7.8% in 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 last quarter. Finally, Iridian Asset Management LLC CT raised its position in shares of Katapult by 9.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after buying an additional 38,000 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Katapult Trading Up 0.8 %

NASDAQ KPLT opened at $7.78 on Thursday. Katapult has a 52 week low of $5.08 and a 52 week high of $23.54. The stock has a market cap of $34.71 million, a P/E ratio of -0.94 and a beta of 1.60. The company’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $8.76.

Katapult (NASDAQ:KPLT) last issued its earnings results on Friday, March 28th. The company reported ($2.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.09) by ($1.03). The business had revenue of $62.96 million for the quarter, compared to the consensus estimate of $62.35 million. On average, research analysts expect that Katapult will post -3.09 EPS for the current fiscal 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.