Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLTGet Free Report) was the target of unusually large options trading on Wednesday. Traders purchased 21,767 put options on the company. This represents an increase of 1,055% compared to the average daily volume of 1,884 put options.

Katapult Stock Performance

NASDAQ:KPLT opened at $17.37 on Thursday. The company has a market cap of $71.32 million, a PE ratio of -2.53 and a beta of 1.77. Katapult has a 52-week low of $8.26 and a 52-week high of $24.76. The stock has a 50-day simple moving average of $14.92 and a 200 day simple moving average of $12.79.

Katapult (NASDAQ:KPLTGet Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $65.06 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT raised its stake in Katapult Holdings, Inc. (NASDAQ:KPLTFree Report) by 22.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,000 shares of the company’s stock after purchasing an additional 60,800 shares during the quarter. Iridian Asset Management LLC CT owned approximately 8.07% of Katapult worth $3,824,000 at the end of the most recent reporting period. 26.81% of the stock is owned by institutional investors.

Katapult Company Profile

(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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