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

Katapult Holdings, Inc. (NASDAQ:KPLT) saw some unusual options trading activity on Wednesday. Investors acquired 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the typical volume of 1,884 put options.

Katapult Price Performance

Shares of KPLT opened at $10.27 on Thursday. Katapult has a 1-year low of $8.26 and a 1-year high of $24.76. The company has a 50-day moving average of $12.99 and a 200 day moving average of $11.30. The firm has a market capitalization of $41.80 million, a price-to-earnings ratio of -1.14 and a beta of 1.79.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KPLT. ExodusPoint Capital Management LP purchased a new position in Katapult during the 2nd quarter valued at about $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Katapult in the 1st quarter worth approximately $27,000. Cresset Asset Management LLC purchased a new position in shares of Katapult in the 1st quarter worth approximately $30,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Katapult in the 2nd quarter worth approximately $56,000. Finally, Millennium Management LLC purchased a new position in shares of Katapult in the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors 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.