Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Sells 6,084 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the sale, the insider now owns 122,069 shares in the company, valued at approximately $5,493,105. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00.

Affirm Stock Up 0.6 %

Shares of NASDAQ:AFRM opened at $44.28 on Thursday. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of -19.86 and a beta of 3.51. The company has a 50 day moving average of $32.08 and a two-hundred day moving average of $32.53. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm Holdings, Inc. has a 52-week low of $15.97 and a 52-week high of $52.48.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Wealth Strategies & Associates increased its holdings in Affirm by 94.0% in the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after buying an additional 470 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC raised its position in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in Affirm during the fourth quarter valued at $33,000. Finally, Myecfo LLC raised its holdings in shares of Affirm by 6.1% during the second quarter. Myecfo LLC now owns 11,671 shares of the company’s stock worth $353,000 after purchasing an additional 676 shares during the period. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Affirm from $43.00 to $46.00 and gave the stock a “sector perform” rating in a report on Thursday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Bank of America raised their price objective on Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Mizuho reissued an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Affirm has a consensus rating of “Hold” and a consensus price target of $34.32.

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.