Highview Capital Management LLC DE Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Highview Capital Management LLC DE purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 74,782 shares of the company's stock, valued at approximately $1,152,000.

A number of other large investors have also added to or reduced their stakes in the stock. Elequin Capital LP increased its position in SoFi Technologies by 30.1% in the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after buying an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of SoFi Technologies by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after acquiring an additional 685 shares during the period. Game Plan Financial Advisors LLC increased its holdings in SoFi Technologies by 13.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after acquiring an additional 1,000 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in SoFi Technologies by 33.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock worth $68,000 after acquiring an additional 1,100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake in SoFi Technologies by 33.1% in the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock valued at $87,000 after acquiring an additional 1,400 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Barclays lifted their price objective on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. UBS Group increased their target price on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, JMP Securities assumed coverage on SoFi Technologies in a research note on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.38.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 11,520 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was 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 now directly owns 203,509 shares of the company's stock, valued at $2,722,950.42. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,507 shares of company stock valued at $1,283,528. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Price Performance

Shares of SOFI traded down $0.10 during trading hours on Monday, reaching $13.09. 44,036,245 shares of the company's stock traded hands, compared to its average volume of 48,095,626. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market cap of $14.47 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84. The firm's 50 day simple moving average is $12.20 and its 200-day simple moving average is $14.04.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period in the previous year, the business earned $0.02 earnings per share. The firm's quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.