Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading activity on Wednesday. Investors purchased 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.

Institutional Investors Weigh In On Katapult

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of Katapult by 52.5% in the fourth 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 in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Katapult by 61.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock valued at $182,000 after purchasing an additional 10,234 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Katapult by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock valued at $408,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Iridian Asset Management LLC CT lifted its stake in shares of Katapult by 9.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after buying an additional 38,000 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Price Performance

Shares of NASDAQ KPLT opened at $14.77 on Thursday. The firm’s 50-day moving average is $10.44 and its two-hundred day moving average is $8.87. Katapult has a 12-month low of $5.08 and a 12-month high of $23.54. The company has a market capitalization of $64.86 million, a PE ratio of -1.79 and a beta of 1.64.

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.