Insider Selling: Affirm (NASDAQ:AFRM) Insider Sells 36,878 Shares of Stock

Key Points

• Katherine Adkins, an insider at Affirm Holdings, sold 36,878 shares for approximately $3.5 million, reducing her position in the company by 24.54%.
• Affirm's stock increased by 3.8% to reach $85.31, with recent trading volume surpassing its average.
• The company reported a 32.9% increase in revenue year-over-year, with quarterly earnings of $0.20 per share, exceeding analyst expectations.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) insider Katherine Adkins sold 36,878 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $95.00, for a total value of $3,503,410.00. Following the completion of the transaction, the insider directly owned 113,400 shares in the company, valued at approximately $10,773,000. This represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Katherine Adkins also recently made the following trade(s):

• On Wednesday, August 6th, Katherine Adkins sold 6,489 shares of Affirm stock. The stock was sold at an average price of $75.00, for a total value of $486,675.00.
• On Tuesday, August 5th, Katherine Adkins sold 1,329 shares of Affirm stock. The shares were sold at an average price of $75.00, for a total transaction of $99,675.00.
• On Monday, August 4th, Katherine Adkins sold 59,267 shares of Affirm stock. The shares were sold at an average price of $75.02, for a total transaction of $4,446,210.34.
• On Monday, July 7th, Katherine Adkins sold 57,102 shares of Affirm stock. The stock was sold at an average price of $70.27, for a total transaction of $4,012,557.54.

Affirm Stock Performance

Affirm stock traded down $2.31 during midday trading on Friday, hitting $87.35. The company's stock had a trading volume of 9,262,357 shares, compared to its average volume of 9,295,981. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 671.97, a PEG ratio of 5.69 and a beta of 3.64. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a 50-day moving average price of $73.27 and a two-hundred day moving average price of $59.31.

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

Institutional Investors Weigh In On Affirm

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in Affirm by 15.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company's stock worth $90,000 after purchasing an additional 175 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in Affirm by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock valued at $2,219,000 after buying an additional 200 shares in the last quarter. Allworth Financial LP grew its stake in shares of Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after buying an additional 219 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Affirm by 0.6% during the first quarter. Sei Investments Co. now owns 41,066 shares of the company's stock worth $1,856,000 after buying an additional 226 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of Affirm by 2.2% during the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock worth $518,000 after buying an additional 252 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AFRM. BTIG Research lowered Affirm from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group increased their target price on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Royal Bank Of Canada boosted their price target on Affirm from $75.00 to $97.00 and gave the company a "sector perform" rating in a research note on Friday, August 29th. Jefferies Financial Group upped their price objective on shares of Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Affirm from a "hold" rating to a "buy" rating in a research note on Friday. One research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.04.

About Affirm

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.