Klarna

Klarna CEO personally invests $10m. In Q2, revenue rose 27% to $1.04bn, transaction margin increased 42%, and earnings per share at $0.01 were slightly above expectations. Management, however, lowered GMV growth expectations for upcoming quarters, and the simultaneous departures of the CFO and CMO on August 18 weighed on the market reaction. » More on finanzen.net

Klarna CEO Sebastian Siemiatkowski acquired 692,506 common shares through an entity close to him for about 9.95 million USD, pushing Klarna stock up roughly 4.9% in premarket trading. The insider purchase follows a share-price decline after the Q2 report, in which Klarna returned to profitability and reported revenue above expectations but cut its full-year outlook. Earlier analyst downgrades had put pressure on the stock; the purchase is being seen as a management vote of confidence in the valuation and the company’s long-term growth trajectory. » More on de.investing.com

Klarna beat expectations in Q2 for GMV, revenue and adjusted operating profit, but issued a weaker outlook for the second half. JPMorgan cut its rating from "Overweight" to "Neutral" and lowered its price target from $22 to $18, citing a reduced H2 forecast, a shift to fair-value accounting for certain loans and planned departures in finance and marketing. Klarna trimmed its full-year forecasts for GMV and adjusted operating profit; for Q3 the company expects only moderate GMV growth and a significantly lower operating profit. JPMorgan still sees growth potential from U.S. expansion and partnerships, but stresses that several consistent quarters will be needed to regain investor confidence. » More on de.investing.com