Katapult Holdings, Inc. (NASDAQ:KPLT – Get Rating) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of KPLT. State Street Corp increased its stake 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. 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 acquiring an additional 9,971 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Katapult in the first quarter worth about $27,000. Cresset Asset Management LLC purchased a new position in shares of Katapult in the first quarter worth about $30,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Katapult in the second quarter worth about $25,000. 27.20% of the stock is currently owned by institutional investors.
Katapult Stock Performance
KPLT stock opened at $0.90 on Thursday. Katapult has a 1-year low of $0.77 and a 1-year high of $4.22. The company has a debt-to-equity ratio of 4.67, a current ratio of 7.65 and a quick ratio of 7.65. The company has a market capitalization of $88.36 million, a price-to-earnings ratio of -5.28 and a beta of 0.91. The business has a 50 day simple moving average of $0.95 and a two-hundred day simple moving average of $1.18.
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 merchants.
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