Klarna Group (NYSE:KLAR) Shares Gap Up Following Insider Buying Activity

Klarna Group plc (NYSE:KLAR)’s stock price gapped up prior to trading on Friday following insider buying activity. The stock had previously closed at $14.01, but opened at $14.92. Klarna Group shares last traded at $14.90, with a volume of 3,560,593 shares trading hands.

Specifically, CEO Sebastian Siemiatkowski acquired 692,506 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were acquired 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 directly owned 25,344,322 shares in the company, valued at approximately $364,197,907.14. This trade represents a 2.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

A number of research firms have recently commented on KLAR. TD Cowen cut their target price on shares of Klarna Group from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, August 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 price objective (down from $22.00) on shares of Klarna Group in a report on Wednesday, August 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research note on Thursday, August 13th. Morgan Stanley reduced their target price on Klarna Group from $21.00 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Finally, Wolfe Research lowered Klarna Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klarna Group presently has a consensus rating of “Hold” and an average price target of $30.39.

Klarna Group Stock Up 5.9%

The firm has a market capitalization of $5.60 billion and a PE ratio of -40.11. The business has a 50-day moving average price of $18.52 and a 200-day moving average price of $16.34.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.56 million. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities research analysts anticipate that Klarna Group plc will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KLAR. Global Retirement Partners LLC boosted its position in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the last quarter. Leonteq Securities AG acquired a new stake in Klarna Group during the fourth quarter worth about $29,000. US Bancorp DE purchased a new position in Klarna Group during the third quarter worth about $30,000. CWM LLC raised its stake in Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in Klarna Group in the 4th quarter valued at about $48,000.

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.