Katapult Target of Unusually Large Options Trading (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading activity on Wednesday. Stock traders bought 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 Up 8.5 %

KPLT stock opened at $10.18 on Thursday. The firm has a 50 day moving average of $8.24 and a 200 day moving average of $8.96. The stock has a market capitalization of $44.70 million, a PE ratio of -1.23 and a beta of 1.72. Katapult has a 52 week low of $5.08 and a 52 week high of $23.54.

Analyst Ratings Changes

Separately, Stephens assumed coverage on shares of Katapult in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $9.00 target price for the company.

Institutional Trading of Katapult

Institutional investors have recently bought and sold shares of the stock. Iridian Asset Management LLC CT lifted its stake in Katapult by 27.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 400,000 shares of the company’s stock valued at $4,156,000 after acquiring an additional 85,742 shares during the period. Geode Capital Management LLC lifted 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 valued at $408,000 after acquiring an additional 2,825 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Katapult by 61.6% during the 4th 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 lifted its stake in Katapult by 52.5% during the 4th quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock valued at $137,000 after acquiring an additional 6,956 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.