A company insider recently sold 17,382 shares of Katapult Holdings Inc. [KPLT]. Should You also Consider to Sale?


Katapult Holdings Inc.’s filing revealed that its Chief Executive Officer Zayas Orlando unloaded Company’s shares for reported $16721.0 on Feb 15. In the deal valued at $0.96 per share,17,382 shares were sold. As a result of this transaction, Zayas Orlando now holds 2,874,335 shares worth roughly $ 1.81 million.

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Then, Zayas Orlando sold 59,919 shares, generating $53,687 in total proceeds. Upon selling the shares at $0.90, the Chief Executive Officer now owns 2,875,586 shares.

Before that, Zayas Orlando sold 61,081 shares. Katapult Holdings Inc. shares valued at $53,385 were divested by the Chief Executive Officer at a price of $0.87 per share. As a result of the transaction, Zayas Orlando now holds 2,935,505 shares, worth roughly $1.85 million.

Loop Capital downgraded its Katapult Holdings Inc. [KPLT] rating to a Hold from a a Buy in a research note published on Monday, May 11, 2022; the price target was decreased to $1 from $5. PT values the company’s stock at a premium of 37.0 to its Monday closing price. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Loop Capital also remained covering KPLT and has increased its forecast on July 19, 2021 with a “Buy” recommendation from previously “Hold” rating.

Price Performance Review of KPLT

On Monday, Katapult Holdings Inc. [NASDAQ:KPLT] saw its stock fall -10.98% to $0.63. On the same session, the stock had its day’s lowest price of $0.55, but rose to a high of $0.71. Over the last five days, the stock has lost -37.76%. Katapult Holdings Inc. shares have fallen nearly -33.65% since the year began. Nevertheless, the stocks have fallen -68.26% over the past one year. While a 52-week high of $2.70 was reached on 01/13/23, a 52-week low of $0.70 was recorded on 03/13/23. SMA at 50 days reached $0.9752, while 200 days put it at $1.0994. A total of 0.87 million shares were traded, compared to the trading of 1.29 million shares in the previous session.

Levels Of Support And Resistance For KPLT Stock

The 24-hour chart illustrates a support level at 0.5532, which if violated will result in even more drops to 0.4716. On the upside, there is a resistance level at 0.7132. A further resistance level may holdings at 0.7916. The Relative Strength Index (RSI) on the 14-day chart is 21.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2061, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.37%. Stochastics %K at 6.77% indicates the stock is a buying.

How much short interest is there in Katapult Holdings Inc.?

A steep rise in short interest was recorded in Katapult Holdings Inc. stocks on Jan 30, 2023, dropping by -0.88 million shares to a total of 3.48 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.36 million shares. There was a decline of -25.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 14.99.

Katapult Holdings Inc. [KPLT] – Who Are The Largest Shareholders?

In filings from Iridian Asset Management LLC, it is revealed that the company now owns 6,666,234 shares, or roughly 6.77% of the outstanding KPLT shares. In other words, the investor’s shares have risen by 1,304,804 from its previous 13-F filing of 5361430.0.. Over the last quarter, The Vanguard Group, Inc. purchased 1,654 shares of Katapult Holdings Inc., while Venturi Wealth Management LLC bought 0 shares. At present, BlackRock Fund Advisors is holding 927,779 shares valued at $0.9 million. Geode Capital Management LLC owned 768,251 shares of the company at the time of its most recent 13F filing, worth $0.74 million.

According to FactSet, Katapult Holdings Inc.’s share price will average $1.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 111.27 percent from its previous closing price of $0.71. Analysts expect Katapult Holdings Inc. stock to reach the higher price of $2.00, while the lowest price estimate is $1.00. However, 2 analysts have rated KPLT stock as a Hold in their predictions for 2023.


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