Five things to watch in markets in the week ahead
Affirm Holdings NASDAQ:AFRM Chief Accounting Officer, Siphelele Jiyane, sold 22,725 shares of Class A Common Stock on August 29th, for a total value of $2,192,364. The sales were executed in two tranches, with prices ranging from $92 to $100. The transaction comes as the $26.8 billion market cap fintech company trades near its 52-week high of $100, having delivered an impressive 105% return over the past year.
According to a Form 4 filing with the Securities and Exchange Commission, Jiyane sold 10,017 shares at $92 per share and 12,708 shares at $100 per share.
On September 1st, Jiyane also exercised options to acquire 11,545 shares of Class A Common Stock at a price of $0. Additionally, on the same day, 4,545 shares were used to cover tax obligations related to the vesting of restricted stock units, valued at $402,050 with a price of $88.46.
Following these transactions, Jiyane directly owns 226,467 shares of Affirm Holdings.
The sales were executed under a 10b5-1 trading plan adopted on December 8, 2024.
In other recent news, Affirm Holdings Inc. reported strong financial results that have led to a series of analyst upgrades. The company posted a revenue of $876 million for the fourth quarter of fiscal 2025, reflecting a 33% increase, which surpassed estimates from Stephens, who projected $835 million. Additionally, Affirm’s revenue less transaction costs (RLTC) reached $425 million, significantly exceeding the anticipated $394 million. This robust performance has prompted analysts to raise their price targets for the company. Mizuho increased its price target to $108, citing Affirm’s impressive fiscal year 2026 guidance. UBS also raised its target to $85, highlighting strong operational performance, while RBC Capital set a new target of $97, acknowledging the company’s strong quarterly results. Stephens adjusted their target to $93, noting the 43% growth in gross merchandise volume, which outpaced their expectations. Truist Securities maintained a Buy rating with a $72 target, emphasizing the company’s better-than-expected adjusted EBIT of $237 million.
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