Affirm holdings director Rabois sells $1.03 million in stock

Keith Rabois, a director at Affirm Holdings , Inc. (NASDAQ:AFRM), has recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Rabois sold a total of 16,088 shares of Affirm’s Class A common stock on March 3, 2025. The shares were sold at prices ranging from $61.73 to $66.40 per share, resulting in a total transaction value of approximately $1.03 million. The sale comes as Affirm, now valued at $18.4 billion, has seen its stock surge over 51% in the past year, according to InvestingPro data.

Following these transactions, Rabois now holds 61,520 shares of Affirm. The sales were executed as part of a pre-established Rule 10b5-1 trading plan, which Rabois adopted on September 12, 2024. This plan allows company insiders to set up a predetermined schedule for selling stocks to avoid any potential insider trading violations. InvestingPro analysis indicates the stock trades with high volatility, with a beta of 3.64, though the company maintains strong liquidity with current assets exceeding short-term obligations by over 12 times.

Affirm Holdings, known for its buy-now-pay-later services, continues to navigate the evolving financial landscape, with its stock transactions closely watched by investors. According to InvestingPro, which offers comprehensive analysis through its Pro Research Reports covering over 1,400 US stocks, the company currently appears overvalued relative to its Fair Value estimates.

In other recent news, Affirm Holdings has filed a new prospectus supplement with the SEC, detailing the legal framework for upcoming securities transactions. This filing, part of Affirm’s ongoing financial activities, includes a legal opinion from Gibson, Dunn & Crutcher LLP and outlines the specifics of the securities to be offered. Additionally, Affirm has expanded its partnership with Shopify (NYSE:SHOP), confirming its role as the exclusive provider of Shop Pay Installments in the U.S. and Canada, with plans to enter the UK market. This strategic move is expected to enhance the shopping experience for Shopify consumers, offering flexible payment plans with competitive terms.

Affirm has also partnered with Stitch Fix (NASDAQ:SFIX) to offer flexible payment options, allowing customers to spread the cost of their purchases over time. This collaboration reflects a growing consumer trend towards adaptable payment alternatives in the fashion sector. Furthermore, Affirm has joined forces with FIS to integrate a pay-over-time solution into FIS’s debit card offerings, aiming to provide consumers with flexible purchasing options through their digital banking platforms. This initiative will allow FIS’s banking clients to offer biweekly and monthly payment plans, enhancing customer financial management.

These developments highlight Affirm’s continued expansion and strategic partnerships, which are anticipated to strengthen its market position and broaden consumer access to its payment solutions.

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