153,695 Shares in SoFi Technologies, Inc. $SOFI Acquired by Sullivan Wood Capital Management LLC

Key Points

• Sullivan Wood Capital Management LLC acquired 153,695 shares of SoFi Technologies, valued at approximately $2.8 million, making it the firm's second-largest holding.
• Insider trading saw CTO Jeremy Rishel sell 98,733 shares for over $2.7 million, while EVP Kelli Keough sold 10,036 shares, indicating potential shifts in executive confidence.
• SoFi Technologies reported a quarterly revenue of $519.37 million, which is 42.8% higher year-over-year, despite also missing analysts' expectations by a significant margin.

Sullivan Wood Capital Management LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,695 shares of the company's stock, valued at approximately $2,799,000. SoFi Technologies makes up 5.8% of Sullivan Wood Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding.

A number of other large investors have also bought and sold shares of SOFI. Hazlett Burt & Watson Inc. grew its stake in shares of SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after acquiring an additional 2,200 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of SoFi Technologies during the 1st quarter worth approximately $28,000. SVB Wealth LLC bought a new position in shares of SoFi Technologies during the 1st quarter worth approximately $28,000. Garde Capital Inc. bought a new position in shares of SoFi Technologies during the 1st quarter worth approximately $31,000. Finally, Larson Financial Group LLC grew its stake in shares of SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after acquiring an additional 1,519 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction on 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 owned 759,553 shares of the company's stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total value of $279,602.96. Following the sale, the executive vice president directly owned 285,410 shares of the company's stock, valued at $7,951,522.60. This represents a 3.40% decrease in their position. 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 in the last ninety days. Insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 0.8%

Shares of SoFi Technologies stock opened at $25.97 on Friday. The business has a fifty day simple moving average of $24.95 and a two-hundred day simple moving average of $18.06. SoFi Technologies, Inc. has a 1 year low of $7.65 and a 1 year high of $30.30. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 54.10, a P/E/G ratio of 3.06 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 (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. During the same quarter last year, the firm posted $0.01 EPS. The company's quarterly revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial set a $23.00 price target on shares of SoFi Technologies in a research note on Monday, August 4th. TD Cowen assumed coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating and a $21.00 price target for the company. Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They set a "neutral" rating and a $20.50 price target for the company. Cowen began coverage on SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating for the company. Finally, Keefe, Bruyette & Woods increased their price objective on SoFi Technologies from $13.00 to $14.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.18.

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.

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