Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Sells $273,780.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 6,084 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now directly owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The transaction 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 value of $3,704,220.00.

Affirm Stock Down 0.1 %

Shares of AFRM stock opened at $44.93 on Friday. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48. The stock has a market cap of $13.89 billion, a P/E ratio of -20.15 and a beta of 3.51. The stock has a 50 day moving average of $32.71 and a 200 day moving average of $32.69. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $42.00 target price on shares of Affirm in a research note on Monday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Barclays lifted their target price on shares of Affirm from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Susquehanna assumed coverage on shares of Affirm in a research note on Friday. They set a “positive” rating and a $52.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.31.

Hedge Funds Weigh In On Affirm

Several institutional investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its position in Affirm by 4.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 192,558 shares of the company’s stock valued at $5,817,000 after buying an additional 7,500 shares during the period. Quarry LP purchased a new stake in shares of Affirm during the 2nd quarter worth about $109,000. Algert Global LLC grew its position in shares of Affirm by 24.5% during the 2nd quarter. Algert Global LLC now owns 154,252 shares of the company’s stock valued at $4,660,000 after acquiring an additional 30,360 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Affirm by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,588 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,105 shares in the last quarter. Finally, Dragoneer Investment Group LLC acquired a new position in Affirm in the 2nd quarter worth about $45,219,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.