In a recent transaction, Keith Rabois, a director at Affirm Holdings , Inc. (NASDAQ:AFRM), sold a total of 9,276 shares of the company's Class A common stock. The sales occurred on April 1, 2024, and the total value of the shares sold exceeded $327,000.
The transactions were executed within a price range of $35.16 to $37.13 per share. Specifically, 8,276 shares were sold at an average price of $35.16, and another 900 shares were sold at an average price of $36.35. Additionally, a smaller batch of 100 shares was sold at $37.13 per share. These sales were part of a pre-arranged trading plan under Rule 10b5-1, which was adopted by Rabois on December 14, 2023.
Following these transactions, Keith Rabois's ownership in Affirm Holdings stands at 69,276 shares of Class A common stock. The sales were disclosed in a Form 4 filing with the Securities and Exchange Commission, with the full information regarding the number of shares sold at each separate price available upon request.
Affirm Holdings, Inc., based in San Francisco, California, operates as a personal credit institution under the SIC code 6141. The company's fiscal year ends on June 30, and it is incorporated in Delaware.
Investors often monitor insider transactions such as these for insights into executive confidence and company performance. Shares of Affirm Holdings, Inc. are publicly traded on the NASDAQ exchange under the ticker symbol AFRM.
InvestingPro Insights
As investors evaluate the significance of insider transactions at Affirm Holdings, Inc. (NASDAQ:AFRM), it's essential to consider the broader financial context of the company. The recent sale by director Keith Rabois has occurred against a backdrop of notable market data and performance metrics that can offer additional insights.
An InvestingPro Tip highlights that Affirm's stock price movements have been quite volatile, with a significant price drop over the last three months but a considerable uptick over the previous six months. This suggests that while Rabois's sale might raise questions, it also occurs in a market environment where price swings are not uncommon for Affirm. Moreover, analysts do not anticipate the company will be profitable this year, which could be a factor influencing insider selling decisions.
InvestingPro Data further reveals that Affirm has a market capitalization of $10.33 billion, with a negative P/E Ratio of -13.64, reflecting the company's current lack of profitability. Additionally, the revenue growth for the last twelve months as of Q2 2024 stands at 29.35%, indicating a solid increase despite the company's challenges in turning a profit.
For those considering following insider trading patterns or contemplating an investment in Affirm Holdings, Inc., InvestingPro offers a comprehensive set of additional tips. Currently, there are 9 more InvestingPro Tips available for Affirm, which can be accessed to gain a deeper understanding of the company's financial health and future prospects. Interested readers can take advantage of the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription for more detailed insights.
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