Traders Buy High Volume Put Options on Katapult (NASDAQ:KPLT)
Katapult Holdings, Inc. (NASDAQ:KPLT – Get Rating) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 21,767 put options on the company. This is a 1,055% increase from the typical volume of 1,884 put options.
In other Katapult news, Director Brian Hirsch purchased 144,189 shares of Katapult in a trade dated Friday, June 3. The shares were acquired at an average cost of $1.51 per share, with a total value of $217,725.39. Following the completion of the acquisition, the director now owns 229,189 shares of the company, valued at $346,075.39. The purchase was disclosed in a legal filing with the SEC, accessible via this link. Additionally, CFO Karissa Cupito purchased 25,000 shares of Katapult in a trade dated Tuesday, June 7. The shares were acquired at an average cost of $1.49 per share, with a total value of $37,250.00. Following the completion of the acquisition, the CFO now directly owns 917,802 shares of the company, valued at approximately $1,367,524.98. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 303,472 shares of the company valued at $463,590. 48.90% of the shares are held by company insiders.
Major investors have recently been buying and selling shares of the company. 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 valued at $445,000 after buying an additional 9,775 shares last quarter. BlackRock Inc. increased its holdings in Katapult by 1.0% during the 1st quarter. BlackRock Inc. now owns 961,874 shares of the company valued at $2,289,000 after purchasing an additional 9,971 shares last quarter. Bluefin Capital Management LLC acquired a new stake in Katapult during the 4th quarter at a value of $37,000. Brown Brothers Harriman & Co. acquired a new stake in Katapult during Q1 valued at $27,000. Finally, Cresset Asset Management LLC acquired a new stake in Katapult during the 1st quarter valued at $30,000. 47.80% of the shares are currently held by institutional investors.
Separately, Loop Capital cut shares of Katapult from a “buy” rating to a “hold” rating and lowered its price target for the stock from $5.00 to $1.00 in a Wednesday 11 report. may.
Shares of KPLT opened at $1.17 on Thursday. The company has a debt ratio of 2.62, a quick ratio of 9.23 and a current ratio of 9.23. The company has a market capitalization of $114.81 million, a price-earnings ratio of -38.99 and a beta of 0.38. The company’s 50-day simple moving average is $1.37 and its 200-day simple moving average is $2.03. Katapult has a 1 year minimum of $1.00 and a 1 year maximum of $11.69.
Katapult (NASDAQ:KPLT – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $59.88 million for the quarter. Katapult had a net margin of 2.68% and a negative return on equity of 91.89%. Equity analysts expect Katapult to post -0.35 EPS for the current fiscal year.
About Katapult (Get an assessment)
Katapult Holdings, Inc, an e-commerce focused fintech company, provides lease-to-own e-commerce point-of-sale options for unprivileged consumers in the United States. The company’s technology platform offers unprivileged consumers a leasing purchase option to obtain durable goods from its network of e-commerce merchants.
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