Klarna Group PLC (NYSE:KLAR) is one of the 10 stocks you should watch right now.
The Klarna group rallied 8.82 percent on Friday to close at $15.91 apiece, as investors reflected on the acquisition of an additional $50 million stake by its chairman, Michael Moritz.
In a regulatory filing, Klarna Group PLC (NYSE:KLAR) said Moritz acquired more than 3.47 million shares of the company from March 3 to March 11, at prices ranging from $13.1791 to $16.1128 each. The transactions were made through his family foundation, Crankstart.
In other news, Klarna Group plc (NYSE:KLAR) previously announced disappointing performance last year, having swung to a net loss of $273 million from a net income of $21 million in 2024. However, total revenue rose 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 net loss of $26 million, reversing a net income of $40 million in the same period a year earlier. Revenue rose 38 percent to $1.08 billion from $781 million year over year.
Looking ahead to the first quarter of the year, the company announced goals to increase its revenue by 28 to 40 percent to a range of $900 to $980 million, as well as gross merchandise value by 26 to 30 percent to a range of $32 billion to $33 billion.
While we recognize KLAR’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
READ NEXT: 30 stocks that should double in 3 years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.