Insider Buying: Klarna Group (NYSE:KLAR) CEO Buys $9,951,311.22 in Stock

Klarna Group plc (NYSE:KLAR) CEO Sebastian Siemiatkowski purchased 692,506 shares of Klarna Group stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $14.37 per share, for a total transaction of $9,951,311.22. Following the completion of the transaction, the chief executive officer owned 25,344,322 shares of the company’s stock, valued at $364,197,907.14. This represents a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Klarna Group Stock Down 1.4%

Klarna Group stock opened at $14.02 on Friday. The firm has a fifty day moving average of $18.52 and a 200-day moving average of $16.34. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20. The firm has a market capitalization of $5.29 billion and a P/E ratio of -37.88.

Klarna Group (NYSE:KLAR) last posted 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 analyst estimates of $992.56 million. The business’s revenue was up 26.6% compared to the same quarter last year. On average, research analysts expect that Klarna Group plc will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KLAR shares. Wells Fargo & Company decreased their target price 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. The Goldman Sachs Group boosted their price target on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Zacks Research cut Klarna Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. TD Cowen dropped their price objective on shares of Klarna Group from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, August 19th. Finally, Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.39.

Institutional Trading of Klarna Group

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new stake in shares of Klarna Group in the second quarter worth $26,747,000. Alyeska Investment Group L.P. bought a new position in Klarna Group during the 2nd quarter valued at $11,848,000. Wedbush Securities Inc. acquired a new position in Klarna Group during the 2nd quarter worth $258,000. Hsbc Holdings PLC bought a new stake in shares of Klarna Group in the 2nd quarter worth about $242,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Klarna Group in the 2nd quarter valued at about $368,000.

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.