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

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading on Wednesday. Traders purchased 21,767 put options on the stock. This represents an increase of 1,055% compared to the typical volume of 1,884 put options.

Katapult Stock Performance

KPLT opened at $12.98 on Friday. The firm’s fifty day moving average is $10.50 and its two-hundred day moving average is $8.89. The firm has a market cap of $57.00 million, a PE ratio of -1.57 and a beta of 1.64. Katapult has a twelve month low of $5.08 and a twelve month high of $23.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KPLT. Northern Trust Corp increased its holdings in shares of 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 acquiring an additional 6,956 shares in the last quarter. CIBC Private Wealth Group LLC grew its position 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 valued at $182,000 after purchasing an additional 10,234 shares during the period. Geode Capital Management LLC increased its stake 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 in the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in Katapult by 9.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock worth $2,963,000 after buying an additional 38,000 shares during the period. 26.81% of the stock is currently owned by institutional investors.

About Katapult

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.