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 purchased 21,767 put options on the company. This is an increase of 1,055% compared to the average daily volume of 1,884 put options.

Wall Street Analysts Forecast Growth

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

Katapult Price Performance

Shares of Katapult stock opened at $9.15 on Thursday. Katapult has a 1-year low of $5.08 and a 1-year high of $23.54. The business’s fifty day moving average price is $7.54 and its two-hundred day moving average price is $9.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its position in Katapult by 61.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock valued at $182,000 after buying an additional 10,234 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in shares of Katapult by 9.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after acquiring an additional 38,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Katapult by 7.8% in the third quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock valued at $408,000 after acquiring an additional 2,825 shares in the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

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.