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

Klarna Group’s (NYSE:KLAR) lock-up period will expire on Monday, March 9th. Klarna Group had issued 34,311,274 shares in its initial public offering on September 10th. The total size of the offering was $1,372,450,960 based on an initial share price of $40.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Bank of America cut 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 cut Klarna Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, 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 note on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Klarna Group currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Klarna Group Price Performance

KLAR opened at $13.58 on Monday. The stock has a market capitalization of $9.75 billion and a PE ratio of -17.64. The firm’s 50 day moving average is $24.39. Klarna Group has a twelve month low of $12.50 and a twelve month high of $57.20.

Institutional Trading of Klarna Group

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

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.