Centiva Capital LP Decreases Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Centiva Capital LP lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 59.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 133,922 shares of the company's stock after selling 193,429 shares during the period. Centiva Capital LP's holdings in SoFi Technologies were worth $2,062,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SOFI. Skandinaviska Enskilda Banken AB publ purchased a new stake in SoFi Technologies in the 4th quarter worth $27,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies in the fourth quarter worth about $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 valued at $33,000 after buying an additional 1,905 shares during the last quarter. IAG Wealth Partners LLC purchased a new position in SoFi Technologies during the 4th quarter valued at approximately $38,000. Finally, Legacy Investment Solutions LLC increased its stake in SoFi Technologies by 116.3% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after acquiring an additional 1,744 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the sale, the executive vice president now owns 226,210 shares of the company's stock, valued at approximately $2,877,391.20. This represents a 4.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were 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. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,172 shares of company stock worth $1,271,115. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SOFI shares. Citizens Jmp assumed coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. Barclays upped their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. 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. Finally, UBS Group upped their price objective on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.38.

SoFi Technologies Trading Down 0.6 %

SOFI stock traded down $0.08 during midday trading on Friday, reaching $13.18. The company's stock had a trading volume of 53,113,102 shares, compared to its average volume of 47,009,331. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.24 and a beta of 1.84. The stock has a fifty day simple moving average of $11.89 and a two-hundred day simple moving average of $13.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

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

About SoFi Technologies

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.