Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw some unusual options trading on Wednesday. Stock traders acquired 21,767 put options on the stock. This is an increase of 1,055% compared to the typical 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 stake in Katapult Holdings, Inc. (NASDAQ:KPLT) during the third quarter, according to its most recent 13F filing 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 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 Stock Down 0.3 %

Shares of KPLT opened at $14.59 on Thursday. Katapult has a fifty-two week low of $8.26 and a fifty-two week high of $24.76. The company has a market cap of $59.67 million, a P/E ratio of -1.62 and a beta of 1.63. The firm’s 50 day moving average price is $12.01 and its 200 day moving average price is $11.33.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($4.46) earnings per share (EPS) for the quarter. The firm 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.