Dragoneer Investment Group LLC Sells 948,142 Shares of Klarna Group plc $KLAR

Dragoneer Investment Group LLC lessened its holdings in Klarna Group plc (NYSE:KLAR) by 16.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,855,622 shares of the company’s stock after selling 948,142 shares during the quarter. Klarna Group makes up about 3.5% of Dragoneer Investment Group LLC’s holdings, making the stock its 5th largest position. Dragoneer Investment Group LLC owned 1.29% of Klarna Group worth $98,278,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE purchased a new position in Klarna Group in the third quarter valued at approximately $30,000. Global Retirement Partners LLC lifted 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 worth $26,000 after buying an additional 800 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Klarna Group in the 4th quarter valued at $29,000. Integrated Wealth Concepts LLC purchased a new position in shares of Klarna Group in the 2nd quarter valued at $35,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Klarna Group in the 4th quarter valued at $75,000.

Klarna Group Stock Down 2.6%

Shares of NYSE KLAR opened at $13.89 on Thursday. The stock has a market capitalization of $5.24 billion and a price-to-earnings ratio of -37.55. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20. The firm has a 50-day moving average price of $17.64 and a 200 day moving average price of $16.09.

Klarna Group (NYSE:KLAR) last issued its earnings results 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. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $992.56 million. Klarna Group’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts expect that Klarna Group plc will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KLAR shares. Freedom Capital upgraded Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Citizens Jmp began coverage on Klarna Group in a research report on Tuesday, June 30th. They issued a “market perform” rating for the company. The Goldman Sachs Group raised their price target on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Scotiabank assumed coverage on Klarna Group in a research report on Wednesday, September 2nd. They set a “sector perform” rating and a $16.00 price target on the stock. Finally, BMO Capital Markets decreased their price objective on Klarna Group from $19.00 to $15.00 and set a “market perform” rating for the company in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Klarna Group has an average rating of “Hold” and an average price target of $29.05.

Insider Buying and Selling at Klarna Group

In other news, CEO Sebastian Siemiatkowski acquired 692,506 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $14.37 per share, with a total value of $9,951,311.22. Following the purchase, the chief executive officer directly 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

About Klarna Group

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.