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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of some unusual options trading on Wednesday. Investors acquired 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.

Katapult Stock Performance

Shares of NASDAQ:KPLT opened at $9.15 on Thursday. Katapult has a 1-year low of $5.08 and a 1-year high of $23.54. The company has a 50 day moving average price of $7.54 and a 200 day moving average price of $9.59.

Analyst Ratings Changes

Separately, Stephens started coverage on shares of Katapult in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $9.00 price target on the stock.

Institutional Investors Weigh In On Katapult

A number of institutional investors and hedge funds have recently modified their holdings of KPLT. Iridian Asset Management LLC CT raised its position in shares of Katapult by 27.3% during the third quarter. Iridian Asset Management LLC CT now owns 400,000 shares of the company’s stock worth $4,156,000 after purchasing an additional 85,742 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Katapult by 61.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock worth $182,000 after buying an additional 10,234 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Katapult by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock worth $408,000 after buying an additional 2,825 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Katapult Company Profile

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.