Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Director Jane J. Thompson of Katapult Holdings, Inc. (NASDAQ:KPLT) sold 800 shares of common stock on July 14, 2025, at a price of $10.31, for a total value of $8248. The stock has since risen to $15.31, marking a significant 96% gain over the past six months. According to InvestingPro, the company’s current market capitalization stands at $70.8 million. Following the transaction, Thompson directly owns 44,535 shares of Katapult Holdings, Inc.
A third-party investment advisor retained by the reporting person carried out this transaction in its sole discretion without direction or knowledge from the reporting person. The reporting person recently became aware of the transaction and promptly reported the transaction upon discovery.
In other recent news, Katapult Holdings reported strong financial results for the second quarter of 2025. The company achieved significant growth in gross originations, reaching $72 million, which marks an over 30% increase year-over-year. This growth contributed to a 22% increase in revenue, surpassing both guidance and analyst expectations. Katapult also reported positive adjusted EBITDA of $0.3 million, exceeding the estimate from Stephens, which had anticipated a negative $0.1 million. Despite these positive results, the company experienced a slight decline in gross margin. Stephens responded to these developments by raising its price target for Katapult to $10.00 from $9.00, while maintaining an Equal Weight rating. The stock’s performance showed a decrease in the aftermarket session, closing at $12.61. Investors remain cautious due to macroeconomic uncertainties and competitive pressures.
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