Highland Capital Management LLC Sells 56,802 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Highland Capital Management cut its stake in SoFi by 79.2% in Q4, selling 56,802 shares and leaving 14,949 shares valued at about $391,000.
• Insider trades included CEO Anthony Noto buying 28,900 shares at $17.32 and General Counsel Robert Lavet buying 5,000 shares, though insiders sold 218,422 shares in the last 90 days and now own 2.6% of the company.
• Company outlook: SoFi reported $0.12 EPS and $1.09B revenue (up 42.6% year-over-year), set FY2026 guidance of ~0.60 EPS, but analysts maintain a consensus "Hold" rating with a $22.72 price target after recent price cuts.

Highland Capital Management LLC cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 79.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,949 shares of the company's stock after selling 56,802 shares during the period. Highland Capital Management LLC's holdings in SoFi Technologies were worth $391,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. Firsthand Capital Management Inc. lifted its holdings in SoFi Technologies by 60.0% during the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company's stock valued at $2,114,000 after purchasing an additional 30,000 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company's stock worth $23,625,000 after purchasing an additional 557,390 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of SoFi Technologies by 212.2% in the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company's stock worth $1,060,000 after purchasing an additional 27,283 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of SoFi Technologies by 15.2% in the third quarter. Jones Financial Companies Lllp now owns 458,703 shares of the company's stock worth $12,835,000 after purchasing an additional 60,676 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Activity at SoFi Technologies

In other news, General Counsel Robert S. Lavet acquired 5,000 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $21.04 per share, with a total value of $105,200.00. Following the acquisition, the general counsel directly owned 17,172 shares of the company's stock, valued at approximately $361,298.88. The trade was a 41.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony Noto bought 28,900 shares of the stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $17.32 per share, with a total value of $500,548.00. Following the completion of the transaction, the chief executive officer directly owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. The trade was a 0.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 218,422 shares of company stock valued at $4,105,468 in the last 90 days. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Stock Up 1.7%

Shares of SOFI stock opened at $16.30 on Thursday. The company's fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $23.16. SoFi Technologies, Inc. has a 52 week low of $12.56 and a 52 week high of $32.73. The stock has a market cap of $20.79 billion, a P/E ratio of 37.05 and a beta of 2.12. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $0.06 earnings per share. The business's quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on SOFI shares. TD Cowen decreased their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $18.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. The Goldman Sachs Group reissued a "neutral" rating and set a $17.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Truist Financial lowered their price objective on SoFi Technologies from $21.00 to $20.00 and set a "hold" rating on the stock in a research report on Friday, April 24th. Finally, Argus started coverage on SoFi Technologies in a research report on Wednesday, April 15th. They set a "hold" rating for the company. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.72.

SoFi Technologies Company Profile

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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