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

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

Institutional Trading of Katapult

An institutional investor recently bought a new position in Katapult stock. Boston Partners acquired a new position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 20,257 shares of the company’s stock, valued at approximately $207,000. Boston Partners owned approximately 0.50% of Katapult at the end of the most recent quarter. 26.81% of the stock is currently owned by institutional investors.

Katapult Trading Up 3.8 %

Shares of KPLT opened at $14.53 on Friday. The firm has a market cap of $59.43 million, a P/E ratio of -1.62 and a beta of 1.63. Katapult has a 12 month low of $8.26 and a 12 month high of $24.76. The stock’s 50 day moving average is $12.03 and its two-hundred day moving average is $11.37.

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