These transactions were conducted under a predetermined Rule 10b5-1 trading plan, which allows insiders to set a predetermined plan to buy or sell stock to avoid potential conflicts of interest. For deeper insights into Affirm’s valuation metrics and insider trading patterns, InvestingPro subscribers can access comprehensive research reports and additional expert advice analyzing a company’s financial health and market position. For deeper insights into Affirm’s valuation metrics and insider trading patterns, InvestingPro subscribers can access comprehensive research reports and additional expert advice analyzing a company’s financial health and market position.
These transactions were conducted under a predetermined Rule 10b5-1 trading plan, which allows insiders to set a predetermined plan to buy or sell stock to avoid potential conflicts of interest. For deeper insights into Affirm’s valuation metrics and insider trading patterns, InvestingPro subscribers can access comprehensive research reports and additional expert advice analyzing a company’s financial health and market position.
These transactions were conducted under a predetermined Rule 10b5-1 trading plan, which allows insiders to set a predetermined plan for buying or selling shares to avoid potential conflicts of interest.
In other recent news, Affirm Holdings (NASDAQ:) made significant financial and strategic moves. The company recently issued $920 million in 0.75% convertible senior notes due 2029. The financial commitment was established through an agreement with initial purchasers represented by Morgan Stanley (NYSE:) & Co. LLC, Barclays (LON:) Capital Inc. and JP Morgan Securities LLC. At the same time, Affirm repurchased $960 million in aggregate principal amount of its 0% convertible notes due 2026 and approximately 3.5 million shares of its Class A common stock.
The company also saw its stock boosted by several analyst firms. JMP Securities upgraded Affirm to Market Outperform, setting a price target of $78. Deutsche Bank (ETR:), Mizuho (NYSE: ) Securities and BTIG revised their price targets to $75, $78 and $81, respectively. These upgrades reflect Affirm’s strong revenue growth and strategic partnerships that support international expansion.
Affirm has also expanded its partnership with WooCommerce, integrating Affirm as a default payment option. This collaboration led to a 45% increase in the number of WooCommerce merchants using Affirm services. Furthermore, Affirm has expanded its partnership with Adyen (AS:), a global financial technology platform, to provide more comprehensive payment solutions for Canadian merchants. This partnership resulted in more than seven times the average annual volume, with more than $125 million in payments processed.
Finally, Affirm secured a significant capital partnership with investment firm Sixth Street, providing the company with up to $4 billion in its loans. This partnership is expected to enable Affirm to potentially issue over $20 billion in loans over the next three years. These are some of the recent events that have shaped the business trajectory of Affirm Holdings.
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