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Keith Rabois, a director at Affirm Holdings , Inc. (NASDAQ:AFRM), recently sold shares totaling approximately $1.1 million. The transactions, executed on December 12, involved the sale of 16,086 shares of Affirm's Class A Common Stock. The sale comes as Affirm's stock trades near its 52-week high of $72.82, having surged over 110% in the past six months. According to InvestingPro analysis, the company's market capitalization now stands at $22.09 billion. The sale prices ranged from $68.20 to $71.24 per share. Following these transactions, Rabois holds 109,780 shares in the company. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan. InvestingPro data shows the stock has demonstrated high price volatility, with particularly strong returns over the last three months. For deeper insights into insider trading patterns and 11 additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Affirm Holdings Inc. has secured a $4 billion capital partnership with the global investment firm, Sixth Street. This substantial commitment aims to bolster Affirm's ability to offer more loans, potentially issuing over $20 billion in loans within the next three years. In addition, Affirm's CFO, Rob O’Hare, recently engaged in a fireside chat hosted by Deutsche Bank (ETR:DBKGn) analyst Bryan Keane, discussing the company's strategic direction and financial performance.
Moreover, Mizuho (NYSE:MFG) Securities has adjusted its price target for Affirm's stock to $78.00, based on a comparative analysis with competitor Klarna and the potential for increased earnings from international expansion. Similarly, BTIG has raised its price target for Affirm to $81, highlighting the company's potential to enhance its profit margin and increase earnings per share as it moves into 2025.
Affirm has also completed a significant transaction with PGIM Fixed Income, involving a $500 million private purchase of loans. This move strengthens the existing relationship between the two firms and leverages Affirm's rapid growth. These are just a few of the recent developments that demonstrate Affirm's strong financial position and promising growth trajectory.
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