Klarna Group (NYSE:KLAR) CEO Sebastian Siemiatkowski Purchases 692,506 Shares of Stock

Key Points

• CEO Sebastian Siemiatkowski bought 692,506 Klarna shares at an average price of $14.37, investing nearly $10 million and increasing his ownership by 2.81% to 25.34 million shares.
• Klarna reported quarterly revenue of $1.04 billion, up 26.6% year over year, and earnings per share of $0.01, exceeding analysts’ expectations, though the company remained unprofitable.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $30.39 average price target; several firms recently lowered their targets while maintaining neutral or positive ratings.

Klarna Group plc (NYSE:KLAR - Get Free Report) CEO Sebastian Siemiatkowski purchased 692,506 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $14.37 per share, with a total value of $9,951,311.22. Following the completion of the acquisition, the chief executive officer owned 25,344,322 shares of the company's stock, valued at approximately $364,197,907.14. This trade represents a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Klarna Group Stock Performance

Shares of Klarna Group stock opened at $14.02 on Friday. The company has a market cap of $5.29 billion and a P/E ratio of -37.88. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The firm has a fifty day moving average of $18.52 and a two-hundred day moving average of $16.34.

Klarna Group (NYSE:KLAR - Get Free Report) last issued its earnings results on Tuesday, August 18th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $992.56 million. The company's revenue was up 26.6% on a year-over-year basis. As a group, equities analysts predict that Klarna Group plc will post -0.01 earnings per share for the current year.

Institutional Trading of Klarna Group

Several institutional investors have recently made changes to their positions in KLAR. Renaissance Technologies LLC raised its position in shares of Klarna Group by 173.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company's stock worth $26,744,000 after buying an additional 1,297,200 shares during the period. Renaissance Capital LLC grew its position in Klarna Group by 532.5% during the second quarter. Renaissance Capital LLC now owns 103,656 shares of the company's stock valued at $2,098,000 after acquiring an additional 87,267 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in Klarna Group during the first quarter worth about $1,964,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Klarna Group by 47.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,198,554 shares of the company's stock worth $15,689,000 after purchasing an additional 385,811 shares during the period. Finally, UBS Group AG lifted its stake in shares of Klarna Group by 32.9% in the 4th quarter. UBS Group AG now owns 1,376,248 shares of the company's stock valued at $39,787,000 after purchasing an additional 340,562 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays dropped their target price on Klarna Group from $20.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 19th. Morgan Stanley lowered their price target on shares of Klarna Group from $21.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 19th. Citizens Jmp started coverage on Klarna Group in a research report on Tuesday, June 30th. They set a "market perform" rating for the company. Bank of America increased their target price on Klarna Group from $21.00 to $23.00 and gave the company a "buy" rating in a report on Monday, May 18th. Finally, Wells Fargo & Company dropped their price target on Klarna Group from $26.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.39.

Klarna Group Company Profile

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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