Cypress Point Wealth Management LLC Invests $363,000 in Affirm Holdings, Inc. $AFRM

Key Points

• Cypress Point Wealth Management LLC acquired 5,253 shares of Affirm Holdings, Inc., valued at approximately $363,000, in the second quarter.
• CEO Max R. Levchin sold 499,223 shares of Affirm stock worth over $40 million, while insiders have sold a total of approximately $102 million worth of shares in the last three months.
• Affirm reported earnings per share of $0.20 for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 32.9%.

Cypress Point Wealth Management LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,253 shares of the company's stock, valued at approximately $363,000.

A number of other large investors also recently modified their holdings of AFRM. Allworth Financial LP grew its holdings in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after acquiring an additional 219 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Affirm during the 1st quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Affirm by 3,637.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock valued at $62,000 after acquiring an additional 1,346 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Affirm in the first quarter worth about $69,000. Finally, Advisors Asset Management Inc. lifted its position in Affirm by 33.1% during the first quarter. Advisors Asset Management Inc. now owns 2,383 shares of the company's stock worth $108,000 after buying an additional 593 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

AFRM traded up $2.27 during midday trading on Friday, reaching $92.18. The company's stock had a trading volume of 9,488,112 shares, compared to its average volume of 10,458,674. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The stock has a market cap of $30.02 billion, a P/E ratio of 709.13, a PEG ratio of 5.98 and a beta of 3.64. The company has a fifty day simple moving average of $77.10 and a 200 day simple moving average of $61.04. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00.

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

Insider Transactions at Affirm

In other Affirm news, CEO Max R. Levchin sold 499,223 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert O'hare sold 31,423 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The disclosure for this sale can be found here. Insiders sold a total of 1,270,497 shares of company stock valued at $102,156,954 over the last three months. 11.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on AFRM. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. Redburn Atlantic raised shares of Affirm to a "hold" rating in a research note on Friday, August 1st. Rothschild & Co Redburn initiated coverage on shares of Affirm in a report on Friday, August 1st. They set a "neutral" rating and a $74.00 target price on the stock. UBS Group boosted their target price on shares of Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Affirm in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.04.

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.