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In addition to these sales, Michael also exercised stock options to acquire 400,000 shares at a price of $5.39 per share, totaling $2,156,000. This acquisition was part of a previously established Rule 10b5-1 trading plan.Following these transactions, Michael holds 85,420 shares directly. These moves are part of routine financial management for many executives and provide insight into the trading activities within Affirm Holdings (NASDAQ:AFRM). For deeper analysis of insider transactions and over 30 additional key metrics, visit InvestingPro, where you'll find comprehensive research reports covering 1,400+ top stocks. For deeper analysis of insider transactions and over 30 additional key metrics, visit InvestingPro, where you'll find comprehensive research reports covering 1,400+ top stocks.
In addition to these sales, Michael also exercised stock options to acquire 400,000 shares at a price of $5.39 per share, totaling $2,156,000. This acquisition was part of a previously established Rule 10b5-1 trading plan.
Following these transactions, Michael holds 85,420 shares directly. These moves are part of routine financial management for many executives and provide insight into the trading activities within Affirm Holdings.
In other recent news, Affirm Holdings has secured a substantial capital deal with Sixth Street, providing the company with up to $4 billion for its loans. This partnership aims to bolster Affirm's ability to offer more loans and is projected to enable Affirm to potentially issue over $20 billion in loans within the next three years. In addition, Affirm's CFO, Rob O’Hare, recently spoke at a fireside chat hosted by Deutsche Bank (ETR:DBKGn) analyst Bryan Keane, discussing the company's strategic direction and financial performance.
Analysts have been closely monitoring Affirm, with Mizuho (NYSE:MFG) Securities recently raising its price target for the company's stock to $78.00, reflecting a favorable outlook for Affirm's financial growth. BTIG has also adjusted its outlook on Affirm, raising the price target to $81 and reiterating a Buy rating on the stock.
Furthermore, Affirm has completed a significant transaction with PGIM Fixed Income, involving a $500 million private purchase of loans. This strategic move strengthens the existing relationship between the two firms and leverages Affirm's rapid growth. These developments highlight Affirm's recent strategic moves and promising growth trajectory.
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