SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Sells $1,021,658.52 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) 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 transaction of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. The trade was a 9.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

SoFi Technologies Stock Performance

Shares of SOFI traded up $0.32 during trading hours on Friday, hitting $15.35. The company had a trading volume of 52,164,066 shares, compared to its average volume of 47,762,789. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 153.52, a PEG ratio of 2.65 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $13.55 and a 200-day moving average of $9.43. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $17.19.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The firm had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. During the same period last year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SOFI. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Bank of America reissued an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Jefferies Financial Group boosted 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. Mizuho increased their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Citigroup downgraded shares of SoFi Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $11.04.

Institutional Trading of SoFi Technologies

Institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in SoFi Technologies in the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC grew its position in SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock worth $29,000 after buying an additional 1,543 shares in the last quarter. Waldron Private Wealth LLC bought a new position in SoFi Technologies during the 3rd quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in SoFi Technologies in the 3rd quarter valued at $47,000. 38.43% of the stock is currently owned by 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.