Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Sells 6,489 Shares of 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 company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $75.00, for a total transaction of $486,675.00. Following the completion of the transaction, the insider owned 113,400 shares in the company, valued at approximately $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 this hyperlink.

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 stock was sold at an average price of $75.02, for a total value of $4,446,210.34.
• On Monday, July 7th, Katherine Adkins sold 57,102 shares of Affirm stock. The shares were sold at an average price of $70.27, for a total value of $4,012,557.54.

Affirm Stock Performance

Shares of AFRM stock traded up $1.44 on Monday, hitting $73.77. The company had a trading volume of 1,747,456 shares, compared to its average volume of 7,152,693. The firm has a market cap of $23.80 billion, a P/E ratio of -349.37, a price-to-earnings-growth ratio of 2.68 and a beta of 3.63. The company has a 50-day moving average price of $65.69 and a 200-day moving average price of $57.75. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a twelve month low of $24.67 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.10. The business had revenue of $783.14 million during the quarter, compared to analysts' expectations 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 for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affirm

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Affirm by 15.6% during the second quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company's stock worth $90,000 after acquiring an additional 175 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Affirm by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock valued at $2,219,000 after acquiring an additional 200 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. Sei Investments Co. raised 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 valued at $1,856,000 after acquiring an additional 226 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of Affirm by 2.2% in the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock valued at $518,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AFRM. Susquehanna boosted their target price on Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group increased their price target on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Truist Financial raised their price objective on Affirm from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Rothschild & Co Redburn started coverage on Affirm in a report on Friday, August 1st. They set a "neutral" rating and a $74.00 price objective on the stock. Finally, Stephens started coverage on Affirm in a report on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price target on the stock. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $68.09.

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.