Traders Purchase Large Volume of Katapult Put Options (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw some unusual options trading activity on Wednesday. Investors bought 21,767 put options on the company. This is an increase of 1,055% compared to the average volume of 1,884 put options.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Katapult stock. Boston Partners purchased a new position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,257 shares of the company’s stock, valued at approximately $207,000. Boston Partners owned 0.50% of Katapult at the end of the most recent reporting period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Katapult Trading Down 0.3 %

Shares of NASDAQ:KPLT opened at $14.59 on Thursday. Katapult has a 52 week low of $8.26 and a 52 week high of $24.76. The company’s 50 day moving average is $12.01 and its two-hundred day moving average is $11.33. The company has a market cap of $59.67 million, a PE ratio of -1.63 and a beta of 1.63.

Katapult (NASDAQ:KPLT) last posted its earnings results on Thursday, March 14th. The company reported ($4.46) EPS for the quarter. The company had revenue of $56.71 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.