Affirm holdings director sells $400,000 in stock

Christa S. Quarles, a director at Affirm Holdings , Inc. (NASDAQ:AFRM), recently sold 5,000 shares of Class A Common Stock, according to a filing with the Securities and Exchange Commission. The transaction, executed on February 14, was carried out at a price of $80 per share, amounting to a total value of $400,000. The sale comes as Affirm, now valued at $24.4 billion, has seen its stock surge 167% over the past six months, according to InvestingPro data. Following the sale, Quarles retains ownership of 137,325 shares. The sale was conducted under a Rule 10b5-1 trading plan established in September 2024. InvestingPro analysis indicates the company maintains strong financial health with a current ratio of 12.29, though current valuations suggest the stock is trading above its Fair Value. For deeper insights into Affirm’s insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.

In other recent news, Affirm Holdings Inc. has seen several significant developments. Affirm announced a strategic partnership with FIS to integrate a pay-over-time solution into FIS’s debit card offerings, allowing customers access to flexible payment plans through their bank’s digital platforms. This collaboration aims to meet consumer demand for flexible purchasing options and enhance customer financial management. In terms of financial performance, Affirm reported a robust second-quarter result with Revenue Less Transaction (JO:TCPJ) Costs reaching $419 million, exceeding guidance expectations. This strong performance prompted Mizuho (NYSE:MFG) Securities to raise its price target for Affirm’s stock to $84 from $78, maintaining an Outperform rating.

RBC Capital Markets also adjusted its outlook on Affirm, increasing the price target to $81 from $67, following Affirm’s announcement of a strong fiscal quarter and an increase in its forecast for fiscal year 2025. Additionally, JMP Securities raised its price target for Affirm to $85 from $78, highlighting Affirm’s potential to disrupt the traditional credit card sector with its Buy Now, Pay Later market advantage. Compass Point upgraded Affirm’s stock rating from Sell to Neutral, significantly raising the price target to $61 from $20, citing a more optimistic outlook on the company’s growth and profitability prospects. These developments reflect a growing confidence among analysts in Affirm’s strategic initiatives and financial health.

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