SAN FRANCISCO—Keith Rabois, a director at Affirm Holdings , Inc. (NASDAQ:AFRM), recently sold a significant portion of his holdings in the company. According to a recent filing with the Securities and Exchange Commission, Rabois sold a total of 16,086 shares of Affirm's Class A Common Stock on January 2, 2025. The sale, executed under a pre-established trading plan, was completed at prices ranging from $61.87 to $63.41 per share, amounting to a total transaction value of approximately $1,002,412. The transaction comes amid Affirm's remarkable 129% surge over the past six months, with the stock currently trading at $66.50. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following the sale, Rabois retains ownership of 93,694 shares in the company. Affirm Holdings, a prominent player in the financial technology sector with a market capitalization of $20.8 billion, continues to navigate the evolving landscape of personal credit institutions. The company has demonstrated strong momentum with 46.5% revenue growth in the last twelve months. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about Affirm's financial health and market position.
In other recent news, Affirm Holdings has reported substantial financial developments. The company issued $920 million in convertible senior notes, a financial obligation overseen by Morgan Stanley (NYSE:MS) & Co. LLC, Barclays (LON:BARC) Capital Inc., and J.P. Morgan Securities LLC. The notes, due in 2029, are senior unsecured obligations of Affirm and are structured to convert into Class A common stock under certain conditions.
Affirm's strategic partnerships have also been a significant driver of its impressive revenue growth of 46.55% within the last year. The company expanded its alliance with WooCommerce, integrating Affirm as a default payment option, leading to a 45% increase in WooCommerce merchants utilizing Affirm's services. Additionally, Affirm broadened its collaboration with Adyen (AS:ADYEN), a global financial technology platform, resulting in a sevenfold increase in average annual volume, with over $125 million processed in payments.
In terms of analyst attention, Affirm received upgrades from JMP Securities and Jefferies, with price targets set at $78 and $82 respectively. Deutsche Bank (ETR:DBKGn), Mizuho (NYSE:MFG) Securities, and BTIG also revised their price targets, reflecting Affirm's robust revenue growth and strategic partnerships.
Another notable development is Affirm's capital partnership with the investment firm Sixth Street, providing up to $4 billion for its loans. This partnership could enable Affirm to issue over $20 billion in loans within the next three years. These recent developments underscore Affirm's strategic growth and strong market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.