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

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

Institutional Trading of Katapult

Several hedge funds have recently modified their holdings of KPLT. Geode Capital Management LLC boosted its stake 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 purchasing an additional 2,825 shares during the last quarter. Northern Trust Corp lifted its holdings in 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 buying an additional 6,956 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Katapult by 61.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock valued at $182,000 after acquiring an additional 10,234 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in Katapult by 9.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock worth $2,963,000 after acquiring an additional 38,000 shares during the period. 26.81% of the stock is owned by institutional investors.

Katapult Stock Down 12.1 %

Shares of NASDAQ KPLT opened at $12.98 on Friday. The company has a market cap of $57.00 million, a price-to-earnings ratio of -1.57 and a beta of 1.64. Katapult has a 12-month low of $5.08 and a 12-month high of $23.54. The firm’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $8.89.

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.