Klarna Group plc (NYSE:KLAR - Get Free Report) CEO Sebastian Siemiatkowski bought 692,506 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $14.37 per share, for a total transaction of $9,951,311.22. Following the completion of the acquisition, the chief executive officer owned 25,344,322 shares in the company, valued at $364,197,907.14. This represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Klarna Group Stock Performance
NYSE:KLAR opened at $14.27 on Friday. The firm has a 50-day simple moving average of $18.43 and a 200-day simple moving average of $16.33. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The firm has a market cap of $5.39 billion and a P/E ratio of -38.57.
Klarna Group (NYSE:KLAR - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $992.56 million. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The firm's quarterly revenue was up 26.6% on a year-over-year basis. On average, research analysts predict that Klarna Group plc will post -0.01 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on KLAR. Wall Street Zen downgraded Klarna Group from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group downgraded Klarna Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $23.00 to $16.00 in a research report on Monday, August 24th. Citizens Jmp started coverage on Klarna Group in a research note on Tuesday, June 30th. They issued a "market perform" rating on the stock. Zacks Research lowered shares of Klarna Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their price target on shares of Klarna Group from $21.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.39.
Get Our Latest Report on Klarna Group
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in KLAR. US Bancorp DE purchased a new stake in Klarna Group in the third quarter valued at about $30,000. Global Retirement Partners LLC grew its stake in shares of Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company's stock worth $26,000 after acquiring an additional 800 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Klarna Group during the fourth quarter valued at about $29,000. CWM LLC raised its position in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company's stock valued at $43,000 after purchasing an additional 949 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Klarna Group in the 4th quarter worth approximately $48,000.
Key Stories Impacting Klarna Group
Here are the key news stories impacting Klarna Group this week:
- Positive Sentiment: CEO makes substantial insider purchase: Chief Executive Sebastian Siemiatkowski bought 692,506 KLAR shares at an average price of $14.37, investing approximately $9.95 million. The purchase increased his ownership by 2.81% to 25.34 million shares and may support investor confidence by signaling management’s belief that the stock is undervalued. Klarna CEO Sebastian Siemiatkowski Acquires 692,506 Shares for $10 Million
- Positive Sentiment: Affirm earnings lift BNPL peers: Affirm’s stronger-than-expected fourth-quarter results improved sentiment toward the broader BNPL industry. Investors appear to be interpreting the results as evidence of resilient consumer demand and potentially favorable operating trends for Klarna. Klarna stock climbs as Affirm's Q4 beat lifts buy-now-pay-later peers
- Positive Sentiment: Reduced competitive threat from a reported PayPal deal: The BNPL relief trade broadened after reports that Stripe and Advent International abandoned a potential acquisition of PayPal valued at more than $50 billion. The development may ease concerns about a major fintech combination intensifying competition in payments and BNPL. Buy Now Pay Later Relief Trade Broadens
- Neutral Sentiment: Apple leasing strategy draws attention: Coverage of Apple and Klarna’s new leasing strategy could affect perceptions of Klarna’s partnership and product expansion, but the available report provides insufficient detail to determine the financial impact. Apple and new Klarna leasing strategy
- Negative Sentiment: Wolfe Research downgrades the stock: The firm lowered Klarna to “Peer Perform,” potentially limiting upside expectations and reinforcing caution after the stock’s sharp decline from its 12-month high. Klarna Rating Lowered to Peer Perform
- Negative Sentiment: Investor investigation announced: Pomerantz LLP is investigating potential claims on behalf of Klarna investors. Although no findings or allegations were detailed, the announcement adds legal and reputational uncertainty to KLAR. Pomerantz Investor Alert
About Klarna Group
(
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Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.
Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.
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