Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

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

Institutional Investors Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Iridian Asset Management LLC CT increased its position in Katapult Holdings, Inc. (NASDAQ:KPLT) by 22.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Katapult Trading Down 2.1 %

KPLT opened at $15.47 on Thursday. Katapult has a 1-year low of $8.26 and a 1-year high of $24.76. The stock has a market capitalization of $63.58 million, a PE ratio of -2.25 and a beta of 1.76. The firm has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $13.25.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $65.06 million for the quarter.

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.