Insider Selling: SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells 9,185 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kelli Keough also recently made the following trade(s):

• On Tuesday, January 21st, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The stock was sold at an average price of $17.58, for a total value of $156,708.12.
• On Monday, December 23rd, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The stock was sold at an average price of $15.59, for a total value of $138,969.26.

SoFi Technologies Trading Down 5.7 %

Shares of SOFI stock opened at $14.67 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The company has a market capitalization of $15.92 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.77. The business’s 50 day moving average is $15.70 and its two-hundred day moving average is $12.27.

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 prior year, the firm earned $0.04 EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

SOFI has been the topic of several research analyst reports. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, Bank of America reaffirmed an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, SoFi Technologies presently has an average rating of “Hold” and a consensus target price of $12.50.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently modified their holdings of SOFI. Two Sigma Advisers LP acquired a new position in SoFi Technologies during the fourth quarter worth $299,980,000. Vanguard Group Inc. raised its holdings in SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock worth $1,514,390,000 after purchasing an additional 8,898,879 shares during the last quarter. Norges Bank acquired a new position in SoFi Technologies during the fourth quarter worth $103,678,000. Voloridge Investment Management LLC acquired a new position in SoFi Technologies during the fourth quarter worth $75,139,000. Finally, Amundi raised its holdings in SoFi Technologies by 58,176.3% during the fourth quarter. Amundi now owns 2,705,185 shares of the company’s stock worth $39,360,000 after purchasing an additional 2,700,543 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Company 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.