Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) saw some unusual options trading activity on Wednesday. Stock traders purchased 21,767 put options on the company. This is an increase of approximately 1,055% compared to the average volume of 1,884 put options.
Institutional Investors Weigh In On Katapult
An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT boosted its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT – Free Report) by 22.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 328,000 shares of the company’s stock after buying an additional 60,800 shares during the period. Iridian Asset Management LLC CT owned approximately 8.07% of Katapult worth $3,824,000 at the end of the most recent quarter. Institutional investors own 26.81% of the company’s stock.
Katapult Stock Down 3.5 %
KPLT stock opened at $17.37 on Thursday. Katapult has a 52 week low of $8.26 and a 52 week high of $24.76. The firm has a market capitalization of $71.32 million, a P/E ratio of -2.53 and a beta of 1.77. The company has a fifty day simple moving average of $14.92 and a two-hundred day simple moving average of $12.79.
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.
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