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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Investors bought 21,767 put options on the stock. This represents an increase of 1,055% compared to the typical daily volume of 1,884 put options.

Institutional Trading of Katapult

A hedge fund recently bought a new stake in Katapult stock. Boston Partners acquired a new stake in Katapult Holdings, Inc. (NASDAQ:KPLT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,257 shares of the company’s stock, valued at approximately $207,000. Boston Partners owned about 0.50% of Katapult at the end of the most recent reporting period. 26.81% of the stock is owned by institutional investors and hedge funds.

Katapult Stock Down 0.3 %

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 business’s 50-day simple moving average is $12.01 and its two-hundred day simple moving average is $11.33. The stock has a market cap of $59.67 million, a PE ratio of -1.62 and a beta of 1.63.

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

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.