Klarna Group plc’s (NYSE:KLAR) Lock-Up Period Will End on March 9th

Klarna Group’s (NYSE:KLAR) lock-up period is set to end on Monday, March 9th. Klarna Group had issued 34,311,274 shares in its IPO on September 10th. The total size of the offering was $1,372,450,960 based on an initial share price of $40.00. After the expiration of Klarna Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America lowered their price objective on Klarna Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Wall Street Zen lowered Klarna Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Wells Fargo & Company dropped their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. JPMorgan Chase & Co. cut their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, Morgan Stanley lowered their target price on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Klarna Group Price Performance

KLAR stock opened at $13.58 on Monday. The stock has a market capitalization of $9.75 billion and a P/E ratio of -17.64. Klarna Group has a one year low of $12.50 and a one year high of $57.20. The business’s 50 day simple moving average is $24.39.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KLAR. Delta Global Management LP purchased a new stake in Klarna Group during the 4th quarter valued at about $2,308,000. XTX Topco Ltd lifted its position in Klarna Group by 132.8% in the fourth quarter. XTX Topco Ltd now owns 87,353 shares of the company’s stock valued at $2,525,000 after purchasing an additional 49,837 shares during the last quarter. Prana Capital Management LP purchased a new stake in shares of Klarna Group during the fourth quarter valued at approximately $629,000. Quadrature Capital Ltd bought a new position in shares of Klarna Group in the fourth quarter worth approximately $1,120,000. Finally, Moore Capital Management LP purchased a new position in shares of Klarna Group in the fourth quarter worth $28,746,000.

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.