1,737,323 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,737,323 shares of the company's stock, valued at approximately $26,755,000. SoFi Technologies comprises approximately 0.7% of Aquatic Capital Management LLC's holdings, making the stock its 22nd largest position. Aquatic Capital Management LLC owned 0.16% of SoFi Technologies at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $27,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $31,000. FNY Investment Advisers LLC boosted its stake in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in SoFi Technologies in the 4th quarter valued at $38,000. Finally, Legacy Investment Solutions LLC raised its position in SoFi Technologies by 116.3% in the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after purchasing an additional 1,744 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the transaction, the executive vice president now owns 215,029 shares in the company, valued at approximately $2,302,960.59. This trade represents a 4.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,172 shares of company stock worth $1,271,115 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several recent research reports. JMP Securities initiated coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target for the company. The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, Citizens Jmp initiated coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They set an "outperform" rating and a $17.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $13.20.

SoFi Technologies Trading Down 5.9 %

NASDAQ:SOFI traded down $0.78 on Wednesday, reaching $12.49. 55,676,529 shares of the stock traded hands, compared to its average volume of 46,755,546. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company's 50 day moving average is $12.09 and its 200-day moving average is $13.70. 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 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The company's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal 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.