12,500 Shares in SoFi Technologies, Inc. $SOFI Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,500 shares of the company's stock, valued at approximately $228,000.

Several other large investors also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. increased its holdings in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC purchased a new position in SoFi Technologies in the 1st quarter worth approximately $28,000. SVB Wealth LLC acquired a new position in shares of SoFi Technologies during the first quarter worth $28,000. Garde Capital Inc. acquired a new stake in SoFi Technologies during the 1st quarter valued at $31,000. Finally, Larson Financial Group LLC boosted its position in SoFi Technologies by 127.1% in the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after buying an additional 1,519 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the completion of the sale, the executive vice president owned 285,410 shares of the company's stock, valued at $7,951,522.60. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,614 shares of company stock valued at $3,452,672 over the last 90 days. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Performance

Shares of SOFI opened at $25.24 on Monday. The company has a 50-day moving average of $25.03 and a two-hundred day moving average of $18.23. The stock has a market cap of $30.22 billion, a price-to-earnings ratio of 52.58, a PEG ratio of 3.00 and a beta of 1.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a one year low of $7.90 and a one year high of $30.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The firm had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company's revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SOFI. The Goldman Sachs Group started coverage on SoFi Technologies in a research note on Monday, July 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Mizuho increased their price target on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. Redburn Atlantic upgraded SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Citizens Jmp lowered SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.18.

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.

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