Affirm Holdings, Inc. $AFRM Shares Sold by Picton Mahoney Asset Management

Key Points

• Picton Mahoney Asset Management cut its stake in Affirm by 49.4% in Q3, selling 130,217 shares and retaining 133,458 shares valued at about $9.75 million.
• Insider selling was notable: CEO Max Levchin sold 666,666 shares for roughly $53.7 million and CFO Robert O'Hare sold 36,401 shares, while corporate insiders now own 11.01% of the stock.
• Affirm beat estimates with $0.37 EPS vs. $0.28 expected and $1.12B revenue (+29.6% YoY), is expanding a Stripe partnership to enable AI‑initiated BNPL, and carries an analyst consensus of “Moderate Buy” with an average target of $85.

Picton Mahoney Asset Management lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 49.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,458 shares of the company's stock after selling 130,217 shares during the quarter. Picton Mahoney Asset Management's holdings in Affirm were worth $9,752,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AFRM. Assetmark Inc. raised its stake in shares of Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company's stock valued at $25,000 after acquiring an additional 178 shares during the period. Huntington National Bank boosted its position in shares of Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company's stock worth $27,000 after purchasing an additional 336 shares during the period. Mather Group LLC. acquired a new stake in Affirm in the 3rd quarter valued at approximately $29,000. SouthState Corp increased its holdings in Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company's stock valued at $30,000 after purchasing an additional 280 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in Affirm in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

More Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm expanded its partnership with Stripe to support Shared Payment Tokens (SPTs), enabling AI agents to securely initiate buy‑now‑pay‑later (BNPL) purchases on behalf of shoppers — a product tie‑in that widens Affirm’s addressable market in agentic/AI commerce and reduces friction for merchant adoption. Affirm ties up with Stripe over Shared Payment Tokens that let AI initiate purchases for shoppers
• Positive Sentiment: Several outlets highlight increased investor interest and an analyst consensus of "Moderate Buy," which can support momentum and attract additional buying. Affirm Given Consensus Rating of "Moderate Buy"
• Neutral Sentiment: Affirm will host a CFO fireside chat on March 17, 2026 (webcast) — an investor event that may provide more color on guidance, margins and capital allocation; useful for near‑term sentiment but no new financials announced yet. Affirm to host CFO fireside chat on March 17, 2026
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — helpful for understanding strategy and execution but typically already priced in unless new guidance is disclosed. Affirm Presents at Morgan Stanley TMT Conference
• Neutral Sentiment: Media pieces (Zacks/Yahoo) note rising investor attention; these drive short‑term flows but are not fundamental catalysts by themselves. Affirm is Attracting Investor Attention
• Neutral Sentiment: Short‑interest reports in the feed show anomalous/zero values and inconsistent "increase" language (likely a data glitch). That makes short‑interest signaling unreliable for today's move.

Analyst Ratings Changes

AFRM has been the subject of several research analyst reports. Citigroup restated a "market outperform" rating on shares of Affirm in a research report on Tuesday, February 24th. The Goldman Sachs Group cut Affirm from a "buy" rating to a "hold" rating in a report on Tuesday, February 24th. Needham & Company LLC dropped their target price on Affirm from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, February 6th. TD Cowen reissued a "buy" rating on shares of Affirm in a research report on Friday, February 6th. Finally, Oppenheimer lowered their price objective on shares of Affirm from $95.00 to $83.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.00.

Insider Buying and Selling

In related news, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert O'hare sold 36,401 shares of Affirm stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer directly owned 1,368 shares of the company's stock, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.01% of the company's stock.

Affirm Price Performance

AFRM stock opened at $50.72 on Thursday. The business's 50-day moving average is $64.25 and its two-hundred day moving average is $71.55. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The firm has a market capitalization of $16.90 billion, a P/E ratio of 62.62, a P/E/G ratio of 1.76 and a beta of 3.61. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business's revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.

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