Katherine Adkins Sells 6,489 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Key Points

• Katherine Adkins, an insider at Affirm Holdings, sold **6,489 shares** of the company's stock at an average price of **$75.00**, totaling **$486,675** and reducing her position by **5.41%**.
• Affirm's stock is currently valued at **$78.96** with a market cap of **$25.47 billion** and significant trading volume; the stock has fluctuated between a twelve-month low of **$24.15** and a high of **$82.53**.
• Institutional investors own **69.29%** of Affirm's stock, with notable increases in holdings from firms such as **Vanguard Group** and **Durable Capital Partners** in recent months.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) insider Katherine Adkins sold 6,489 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $75.00, for a total transaction of $486,675.00. Following the transaction, the insider directly owned 113,400 shares of the company's stock, valued at $8,505,000. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $4,012,557.54.

Affirm Stock Performance

Shares of NASDAQ AFRM traded up $1.68 during mid-day trading on Thursday, hitting $78.96. The stock had a trading volume of 5,274,764 shares, compared to its average volume of 5,252,711. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. The company has a 50 day moving average of $65.28 and a two-hundred day moving average of $57.63. The firm has a market cap of $25.47 billion, a PE ratio of -376.00, a PEG ratio of 2.86 and a beta of 3.63. Affirm Holdings, Inc. has a twelve month low of $24.15 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The firm had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The company's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) earnings per share. Research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Affirm

Hedge funds have recently modified their holdings of the stock. Capital Research Global Investors raised its position in shares of Affirm by 2.0% in the fourth quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock worth $1,477,747,000 after acquiring an additional 470,409 shares during the period. Vanguard Group Inc. grew its position in shares of Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock valued at $1,051,707,000 after purchasing an additional 1,457,434 shares during the period. Capital World Investors raised its position in shares of Affirm by 0.4% during the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company's stock worth $1,116,861,000 after purchasing an additional 72,582 shares during the last quarter. Durable Capital Partners LP lifted its stake in Affirm by 12.3% in the 1st quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company's stock valued at $297,390,000 after buying an additional 722,599 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in Affirm by 11.6% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock worth $316,561,000 after buying an additional 538,892 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Affirm in a research note on Thursday, July 17th. They set a "buy" rating and a $78.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Stephens started coverage on shares of Affirm in a research report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price objective on the stock. Finally, Citigroup reissued an "overweight" rating on shares of Affirm in a research note on Monday, June 30th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Affirm currently has an average rating of "Moderate Buy" and an average target price of $68.09.

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.

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