Atria Wealth Solutions Inc. Sells 96,390 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Atria Wealth Solutions Inc. reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 32.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,504 shares of the company's stock after selling 96,390 shares during the period. Atria Wealth Solutions Inc.'s holdings in SoFi Technologies were worth $2,367,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Hazlett Burt & Watson Inc. lifted its position in shares of SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after purchasing an additional 2,200 shares during the period. Garde Capital Inc. bought a new position in SoFi Technologies in the first quarter worth about $31,000. Mpwm Advisory Solutions LLC purchased a new stake in SoFi Technologies in the fourth quarter worth about $32,000. Larson Financial Group LLC lifted its holdings in SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after buying an additional 1,519 shares during the period. Finally, MCF Advisors LLC boosted its position in SoFi Technologies by 119.3% during the 1st quarter. MCF Advisors LLC now owns 3,072 shares of the company's stock valued at $36,000 after acquiring an additional 1,671 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 11,520 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $13.38, for a total transaction of $154,137.60. Following the completion of the sale, the executive vice president directly owned 203,509 shares in the company, valued at approximately $2,722,950.42. The trade was a 5.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the transaction, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,181 shares of company stock valued at $4,043,240 over the last three months. Insiders own 2.60% of the company's stock.

SoFi Technologies Stock Up 0.1%

SoFi Technologies stock opened at $22.10 on Friday. SoFi Technologies, Inc. has a 12 month low of $6.47 and a 12 month high of $25.11. The stock has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $15.05. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 2.74 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a return on equity of 4.51% and a net margin of 18.38%. SoFi Technologies's revenue was up 42.8% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citizens Jmp lowered SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods increased their price objective on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a report on Tuesday. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $20.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a research report on Friday, August 1st. Finally, Cowen assumed coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.29.

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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