Atria Wealth Solutions Inc. Has $4.62 Million Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Atria Wealth Solutions Inc. lowered its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 299,894 shares of the company’s stock after selling 248,541 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SoFi Technologies were worth $4,618,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SOFI. Stratos Wealth Advisors LLC boosted its position in SoFi Technologies by 3.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,610 shares of the company’s stock worth $256,000 after acquiring an additional 1,054 shares during the last quarter. Blue Trust Inc. boosted its position in SoFi Technologies by 67.9% during the 3rd quarter. Blue Trust Inc. now owns 13,606 shares of the company’s stock worth $107,000 after acquiring an additional 5,504 shares during the last quarter. Raymond James & Associates boosted its position in SoFi Technologies by 2.1% during the 3rd quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock worth $4,177,000 after acquiring an additional 11,062 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in SoFi Technologies during the 3rd quarter worth approximately $137,000. Finally, Calton & Associates Inc. boosted its position in SoFi Technologies by 33.2% during the 3rd quarter. Calton & Associates Inc. now owns 40,440 shares of the company’s stock worth $318,000 after acquiring an additional 10,090 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SOFI. JPMorgan Chase & Co. upped their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Mizuho upped their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upped their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. UBS Group upped their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Bank of America reiterated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $12.50.

Insiders Place Their Bets

In other news, EVP Eric Schuppenhauer acquired 30,600 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the transaction, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at approximately $753,355.70. This represents a 197.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares in the company, valued at $9,219,685.68. The trade was a 9.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,999,280 shares of company stock worth $416,810,442 in the last 90 days. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Down 3.9 %

SOFI opened at $16.18 on Thursday. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The stock’s fifty day simple moving average is $15.74 and its 200 day simple moving average is $12.11. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market cap of $17.56 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 2.34 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the previous year, the firm posted $0.04 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.