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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 21,767 put options on the stock. This represents an increase of 1,055% compared to the typical daily volume of 1,884 put options.

Institutional Investors Weigh In On Katapult

Hedge funds and other institutional investors have recently modified their holdings of the stock. Iridian Asset Management LLC CT increased its stake in Katapult by 31.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 576,648 shares of the company’s stock valued at $5,899,000 after buying an additional 138,648 shares during the period. CIBC Private Wealth Group LLC increased 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. Finally, Northern Trust Corp raised its holdings in Katapult by 52.5% during the fourth quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock worth $137,000 after purchasing an additional 6,956 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Katapult Trading Up 2.0%

NASDAQ KPLT opened at $8.24 on Thursday. The company has a 50-day moving average price of $8.21 and a two-hundred day moving average price of $8.75. Katapult has a 52 week low of $5.08 and a 52 week high of $21.88. The stock has a market cap of $37.41 million, a price-to-earnings ratio of -1.18 and a beta of 1.71.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.51). The company had revenue of $71.95 million during the quarter, compared to analyst estimates of $71.80 million. As a group, equities research analysts expect that Katapult will post -3.09 earnings per share 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.