Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors purchased 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Katapult stock. Iridian Asset Management LLC CT increased its holdings in Katapult Holdings, Inc. (NASDAQ:KPLT – Free Report) by 22.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 328,000 shares of the company’s stock after buying an additional 60,800 shares during the period. Iridian Asset Management LLC CT owned 8.07% of Katapult worth $3,824,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.81% of the company’s stock.
Katapult Stock Down 2.1 %
Shares of KPLT stock opened at $15.47 on Friday. The company has a 50 day moving average of $16.66 and a 200-day moving average of $13.27. Katapult has a 12-month low of $8.26 and a 12-month high of $24.76. The firm has a market cap of $63.58 million, a P/E ratio of -2.25 and a beta of 1.76.
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.
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