Stock traders are buying a high volume of put options on Katapult (NASDAQ: KPLT)


Katapult Holdings, Inc. (NASDAQ:KPLT – Get Rating) was the target of unusual options trading activity on Wednesday. Stock traders bought 21,767 put options on the stock. This is a 1,055% increase from the average daily volume of 1,884 puts.

Katapult is trading down 3.1%

NASDAQ:KPLT opened at $1.26 on Thursday. The stock has a market capitalization of $123.64 million, a PE ratio of -41.99 and a beta of 0.38. Katapult has a fifty-two week minimum of $1.00 and a fifty-two week maximum of $9.85. The company has a debt ratio of 2.62, a current ratio of 9.23 and a quick ratio of 9.23. The stock’s 50-day moving average is $1.29 and its two-hundred-day moving average is $1.89.

Katapult (NASDAQ:KPLT – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported ($0.08) EPS for the quarter. The company posted 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%. As a group, equity research analysts expect Katapult to post -0.35 earnings per share for the current fiscal year.

Insider activity in Katapult

In a similar vein, Chief Financial Officer Karissa Cupito purchased 25,000 shares of the company in a transaction that took place on Tuesday, June 7. The shares were acquired at an average cost of $1.49 per share, for a total transaction of $37,250.00. Following the acquisition, the CFO now directly owns 917,802 shares of the company, valued at approximately $1,367,524.98. The transaction was disclosed in a document filed with the SEC, accessible via the SEC’s website. Separately, director Brian Hirsch purchased 144,189 shares of the company in a transaction 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 completion of the transaction, the administrator now directly owns 229,189 shares of the company, valued at approximately $346,075.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, CFO Karissa Cupito purchased 25,000 shares of Katapult in a transaction that took place on Tuesday, June 7. The shares were purchased at an average price of $1.49 per share, with a total value of $37,250.00. Following the transaction, the CFO now owns 917,802 shares of the company, valued at approximately $1,367,524.98. Disclosure of this purchase can be found here. Insiders acquired a total of 303,472 shares of the company valued at $463,590 over the past ninety days. Insiders hold 48.90% of the shares of the company.

Institutional investors weigh in on Katapult

Several large investors have recently changed their positions in KPLT. Brown Brothers Harriman & Co. bought a new stake in Katapult in the first quarter for $27,000. Cresset Asset Management LLC purchased a new equity stake in Katapult during Q1 worth approximately $30,000. Bluefin Capital Management LLC acquired a new position in shares of Katapult during Q4 valued at approximately $37,000. Asset Management One Co. Ltd. acquired a new stake in Katapult in Q4 worth approximately $64,000. Finally, Advisor Group Holdings Inc. increased its stake in Katapult shares by 136.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 26,795 shares of the company worth $90,000 after purchasing an additional 15,480 shares in the last quarter. Institutional investors hold 47.80% of the company’s shares.

A Wall Street analyst gives his opinion

Separately, Loop Capital downgraded Katapult from a “buy” rating to a “hold” rating and reduced its target price for the company from $5.00 to $1.00 in a Wednesday, May 11 report.

About Katapult

(Get a rating)

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.

Further reading



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