Canada Pension Plan Investment Board Invests $3.68 Million in SoFi Technologies, Inc. $SOFI

Canada Pension Plan Investment Board acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 316,100 shares of the company's stock, valued at approximately $3,676,000.

Other institutional investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. boosted its holdings in shares of SoFi Technologies by 2,200.0% during the first 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 during the period. Headlands Technologies LLC acquired a new stake in shares of SoFi Technologies in the first quarter valued at approximately $28,000. SVB Wealth LLC acquired a new stake in shares of SoFi Technologies in the first quarter valued at approximately $28,000. Garde Capital Inc. acquired a new stake in shares of SoFi Technologies in the first quarter valued at approximately $31,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $32,000. Institutional investors own 38.43% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SOFI shares. Morgan Stanley reiterated an "underweight" rating and issued a $13.00 price target (up from $11.00) on shares of SoFi Technologies in a research report on Wednesday, July 30th. Mizuho set a $26.00 target price on SoFi Technologies and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on SoFi Technologies from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group began coverage on SoFi Technologies in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. Finally, Citizens Jmp cut SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 14th. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $19.35.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,578 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the sale, the executive vice president directly owned 234,622 shares in the company, valued at $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares of the company's stock, valued at $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,099 shares of company stock worth $2,907,591. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 1.7%

Shares of NASDAQ:SOFI opened at $24.49 on Thursday. The company has a fifty day moving average of $21.93 and a 200-day moving average of $16.10. The company has a market capitalization of $29.33 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 3.02 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. SoFi Technologies, Inc. has a 52-week low of $6.75 and a 52-week high of $26.60.

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, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to the consensus estimate 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 for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.