Insider Selling: SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells 8,914 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares in the company, valued at $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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.
• On Wednesday, November 20th, Kelli Keough sold 9,590 shares of SoFi Technologies stock. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40.

SoFi Technologies Stock Performance

NASDAQ SOFI traded up $0.44 during trading hours on Thursday, hitting $18.03. The company’s stock had a trading volume of 43,532,595 shares, compared to its average volume of 43,099,645. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.21. The company’s 50 day simple moving average is $15.62 and its two-hundred day simple moving average is $10.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The company has a market cap of $19.57 billion, a P/E ratio of 180.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating 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 analysts’ expectations of $631.59 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SOFI has been the subject of several recent analyst reports. Mizuho boosted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Bank of America reiterated an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. William Blair initiated coverage on SoFi Technologies in a report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group boosted their target price on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $11.71.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SOFI. Dimensional Fund Advisors LP grew its holdings in SoFi Technologies by 263.3% during the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock valued at $86,478,000 after purchasing an additional 9,482,683 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in SoFi Technologies by 7.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock worth $465,000 after buying an additional 4,661 shares in the last quarter. Amalgamated Bank raised its holdings in SoFi Technologies by 10.7% during the second quarter. Amalgamated Bank now owns 58,529 shares of the company’s stock valued at $387,000 after acquiring an additional 5,661 shares during the period. Hsbc Holdings PLC lifted its position in shares of SoFi Technologies by 337.6% in the second quarter. Hsbc Holdings PLC now owns 719,243 shares of the company’s stock valued at $4,715,000 after acquiring an additional 554,866 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of SoFi Technologies by 4,252.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 88,580 shares of the company’s stock worth $585,000 after purchasing an additional 86,545 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

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.