SAN FRANCISCO—Robert O'Hare, Chief Financial Officer of Affirm Holdings , Inc. (NASDAQ:AFRM), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. The transactions, which took place on January 3, 2025, involved both acquisitions and sales of the company's Class A Common Stock. The fintech company, currently valued at $18.5 billion, has demonstrated remarkable growth with revenue increasing by 46.55% in the last twelve months.
O'Hare sold a total of 3,227 shares, generating approximately $210,791. The sale prices ranged from $63.83 to $66.23 per share. These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted on June 14, 2024. According to InvestingPro, the stock has shown significant momentum, delivering an impressive 117.73% return over the past six months.
In addition to the sales, O'Hare acquired 932 shares through stock option exercises at a price of $41.80 per share, totaling $38,957. Following these transactions, O'Hare's direct ownership of Affirm Holdings stands at 668 shares.
Affirm Holdings, a prominent player in the financial technology sector, continues to attract investor interest with its innovative approach to personal credit solutions.
In other recent news, Affirm Holdings has seen a surge in its financial prospects due to a series of strategic moves and partnerships. The company's earnings and revenue growth have been impressive, with a reported revenue increase of 46.55% over the last year. Analysts from RBC Capital Markets have shown confidence in Affirm's trajectory, raising the stock target from $52.00 to $67.00, while maintaining a Sector Perform rating.
In addition, Affirm has issued $920 million in convertible notes, creating a direct financial obligation. The company has also expanded its partnership with WooCommerce, integrating Affirm as a default payment option, which has led to a 45% increase in WooCommerce merchants using Affirm's services.
Analyst firms such as JMP Securities, Deutsche Bank (ETR:DBKGn), Mizuho (NYSE:MFG) Securities, and BTIG have shown interest in Affirm, upgrading the company's ratings and setting higher targets due to its robust growth and strategic partnerships. Affirm has also broadened its relationship 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.
Lastly, Affirm has secured a significant capital partnership with investment firm Sixth Street, providing the company with up to $4 billion for its loans. This partnership is expected to enable Affirm to potentially issue over $20 billion in loans within the next three years. These recent developments highlight Affirm's strategic growth and strong market position.
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