Abdiel Capital Advisors LP Sells 946,310 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Affirm Holdings, Inc. has seen a significant reduction in shares held by Abdiel Capital Advisors LP, which decreased its stake by 45.9% in the first quarter, making it the firm's 7th largest position.
• Insider selling was notable, with CFO Robert O'Hare selling 77,800 shares for over $6 million, while overall insider sales totaled $89.2 million in the last quarter.
• The company's latest earnings report showed a quarterly revenue increase of 32.9% year-over-year, with an EPS of $0.20, exceeding analyst expectations of $0.11.

Abdiel Capital Advisors LP lessened its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 45.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,113,427 shares of the company's stock after selling 946,310 shares during the period. Affirm comprises approximately 5.2% of Abdiel Capital Advisors LP's portfolio, making the stock its 7th largest position. Abdiel Capital Advisors LP owned 0.35% of Affirm worth $50,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Affirm by 2,800.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after buying an additional 44,495 shares during the period. Ameriprise Financial Inc. boosted its position in Affirm by 2.6% in the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after buying an additional 3,672 shares during the period. Spire Wealth Management purchased a new position in Affirm in the 1st quarter valued at approximately $120,000. Deutsche Bank AG boosted its position in Affirm by 2.6% in the 4th quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock valued at $1,973,000 after buying an additional 817 shares during the period. Finally, BIT Capital GmbH purchased a new position in Affirm in the 1st quarter valued at approximately $26,060,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Insider Transactions at Affirm

In other news, CFO Robert O'hare sold 31,423 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Max R. Levchin sold 499,223 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $80.17, for a total transaction of $40,022,707.91. The disclosure for this sale can be found here. Insiders sold 1,234,964 shares of company stock valued at $98,925,256 over the last quarter. 11.82% of the stock is owned by corporate insiders.

Affirm Stock Performance

AFRM traded down $2.31 on Friday, reaching $87.35. The company had a trading volume of 9,262,357 shares, compared to its average volume of 9,298,591. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The stock has a market capitalization of $28.18 billion, a PE ratio of 671.97, a P/E/G ratio of 5.69 and a beta of 3.64. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The stock has a 50-day moving average price of $73.27 and a 200-day moving average price of $59.41.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm had revenue of $876.42 million during the quarter, compared to analysts' expectations of $834.94 million. During the same period in the previous year, the company earned ($0.14) earnings per share. Affirm's quarterly revenue was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AFRM shares. Jefferies Financial Group raised their price target on shares of Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. UBS Group boosted their target price on shares of Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. JMP Securities boosted their target price on shares of Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a research note on Friday, August 29th. The Goldman Sachs Group boosted their target price on shares of Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Stephens started coverage on shares of Affirm in a research note on Thursday, June 12th. They set an "equal weight" rating and a $69.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $79.04.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.