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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading on Wednesday. Traders bought 21,767 put options on the company. This is an increase of 1,055% compared to the typical volume of 1,884 put options.

Katapult Price Performance

Katapult stock opened at $8.90 on Thursday. Katapult has a one year low of $8.26 and a one year high of $24.76. The firm has a market capitalization of $36.22 million, a P/E ratio of -0.99 and a beta of 1.79. The business has a fifty day moving average price of $12.22 and a 200-day moving average price of $11.20.

Katapult (NASDAQ:KPLT) last released its quarterly earnings results on Thursday, March 14th. The company reported ($4.46) earnings per share for the quarter. The firm had revenue of $56.71 million for the quarter. Katapult had a negative net margin of 16.66% and a negative return on equity of 6,063.05%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Katapult stock. Boston Partners acquired a new stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) during the 3rd quarter, according to its most recent disclosure 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.