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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Traders bought 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.

Institutional Trading of Katapult

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Katapult by 34.7% during the third quarter. Vanguard Group Inc. now owns 2,496,709 shares of the company’s stock worth $2,397,000 after buying an additional 642,563 shares in the last quarter. BlackRock Inc. boosted its holdings in Katapult by 1.0% in the first quarter. BlackRock Inc. now owns 961,874 shares of the company’s stock worth $2,289,000 after purchasing an additional 9,971 shares during the period. Geode Capital Management LLC boosted its holdings in Katapult by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 768,251 shares of the company’s stock worth $734,000 after purchasing an additional 44,236 shares during the period. Renaissance Technologies LLC boosted its holdings in Katapult by 6.1% in the second quarter. Renaissance Technologies LLC now owns 340,900 shares of the company’s stock worth $307,000 after purchasing an additional 19,500 shares during the period. Finally, State Street Corp boosted its holdings in Katapult by 5.5% in the first quarter. State Street Corp now owns 186,975 shares of the company’s stock worth $445,000 after purchasing an additional 9,775 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Katapult Stock Down 5.8 %

KPLT opened at $9.64 on Friday. The firm has a market capitalization of $39.23 million, a P/E ratio of -1.07 and a beta of 1.79. The firm’s 50 day moving average is $12.95 and its 200-day moving average is $11.29. Katapult has a 52-week low of $8.26 and a 52-week high of $24.76.

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