Insider Buying: Katapult Holdings, Inc. (NASDAQ:KPLT) CEO Buys 80,000 Shares of Stock
Katapult Holdings, Inc. (NASDAQ:KPLT – Get Rating) CEO Orlando Zayas purchased 80,000 shares of Katapult stock in a transaction that occurred on Friday, June 3rd. The stock was acquired at an average cost of $1.57 per share, with a total value of $125,600.00. Following the transaction, the chief executive officer now owns 2,913,376 shares in the company, valued at approximately $4,574,000.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Orlando Zayas also recently made the following trade(s):
- On Monday, June 6th, Orlando Zayas purchased 48,472 shares of Katapult stock. The stock was acquired at an average cost of $1.54 per share, with a total value of $74,646.88.
KPLT traded down $0.12 during mid-day trading on Tuesday, reaching $1.44. 732,459 shares of the stock were exchanged, compared to its average volume of 1,000,864. The company has a debt-to-equity ratio of 2.62, a quick ratio of 9.23 and a current ratio of 9.23. The stock has a market capitalization of $140.91 million, a PE ratio of -47.98 and a beta of 0.20. The company has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $2.37. Katapult Holdings, Inc. has a 1 year low of $1.10 and a 1 year high of $14.98.
Katapult (NASDAQ:KPLT – Get Rating) last posted its quarterly earnings data on Tuesday, March 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $73.30 million for the quarter. Katapult had a negative return on equity of 91.89% and a net margin of 2.68%. Sell-side analysts expect that Katapult Holdings, Inc. will post -0.32 EPS for the current fiscal year.
Several analysts recently issued reports on KPLT shares. Zacks Investment Research raised shares of Katapult from a “sell” rating to a “buy” rating and set a $1.50 price target for the company in a research report on Wednesday, May 18th. Loop Capital downgraded shares of Katapult from a “buy” rating to a “hold” rating and reduced their price target for the company from $5.00 to $1.00 in a research report on Wednesday, May 11th.
A number of institutional investors and hedge funds have recently bought and sold shares of KPLT. Mirae Asset Global Investments Co. Ltd. purchased a new position in Katapult during the 1st quarter worth $2,171,000. BlackRock Inc. purchased a new position in shares of Katapult in the 3rd quarter worth about $4,600,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Katapult in the 4th quarter worth about $1,974,000. Geode Capital Management LLC boosted its holdings in shares of Katapult by 810.8% in the 3rd quarter. Geode Capital Management LLC now owns 559,378 shares of the company’s stock worth $3,037,000 after buying an additional 497,963 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Katapult by 2,656.7% in the 3rd quarter. Millennium Management LLC now owns 492,257 shares of the company’s stock worth $2,673,000 after buying an additional 474,400 shares during the last quarter. 47.80% of the stock is currently owned by hedge funds and other institutional investors.
About Katapult (Get Rating)
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 merchants.
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