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

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading activity on Wednesday. Traders bought 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the average volume of 1,884 put options.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KPLT. Iridian Asset Management LLC CT increased its position 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 purchasing an additional 85,742 shares during the period. CIBC Private Wealth Group LLC increased its position 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 purchasing an additional 10,234 shares during the period. Northern Trust Corp boosted its holdings in shares of Katapult by 52.5% in the 4th quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock valued at $137,000 after buying an additional 6,956 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 2,825 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Stock Performance

NASDAQ KPLT opened at $10.18 on Thursday. The company has a market capitalization of $44.70 million, a price-to-earnings ratio of -1.23 and a beta of 1.72. The company’s 50-day simple moving average is $8.24 and its two-hundred day simple moving average is $8.96. Katapult has a one year low of $5.08 and a one year high of $23.54.

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.