Klarna (KLAR) Climbs 8.8% as Chairman Hikes Stake by Million Dollars

Klarna Group PLC (NYSE:KLAR) is one of the 10 Must-Watch Stocks Right Now.

Klarna Group bounced back by 8.82 percent on Friday to close at $15.91 apiece, as investors mirrored the acquisition of an additional $50 million stake by its chairman, Michael Moritz.

In a regulatory filing, Klarna Group PLC (NYSE:KLAR) said that Moritz acquired more than 3.47 million shares of the company on March 3 to 11, at prices ranging from $13.1791 to $16.1128 apiece. The transactions were made through his family-run foundation, Crankstart.

In other news, Klarna Group plc (NYSE:KLAR) earlier announced a disappointing performance last year, having swung to a net loss of $273 million from a $21 million net income in 2024. Total revenues, however, increased by 25 percent to $3.5 billion from $2.8 billion year-on-year.

In the fourth quarter alone, Klarna Group PLC (NYSE:KLAR) incurred a $26 million net loss, reversing a $40 million net income in the same period a year earlier. Revenues soared by 38 percent to $1.08 billion from $781 million year-on-year.

Looking into the first quarter of the year, the company announced targets of growing its revenues by 28 to 40 percent to a range of $900 million to $980 million, as well as gross merchandise value by 26 to 30 percent to a range of $32 billion to $33 billion.

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