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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of some unusual options trading on Wednesday. Stock traders purchased 21,767 put options on the company. This represents an increase of 1,055% compared to the average volume of 1,884 put options.

Hedge Funds 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 owned by institutional investors.

Katapult Trading Down 0.5 %

NASDAQ KPLT opened at $19.79 on Thursday. Katapult has a 1-year low of $8.26 and a 1-year high of $24.76. The stock’s 50 day moving average is $12.68 and its two-hundred day moving average is $11.91. The company has a market capitalization of $80.94 million, a price-to-earnings ratio of -2.88 and a beta of 1.63.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($4.46) earnings per share (EPS) for the quarter. The business had revenue of $56.71 million during 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.