Krilogy Financial LLC Acquires Shares of 11,297 SoFi Technologies, Inc. $SOFI

Key Points

• Krilogy Financial LLC has acquired a new position in SoFi Technologies, purchasing 11,297 shares valued at approximately $206,000 in the second quarter.
• Insider transactions revealed that CTO Jeremy Rishel sold 66,847 shares worth over $1 million, representing an 8.45% decrease in their position, while EVP Kelli Keough also sold shares, decreasing their holdings by 4.31%.
• SoFi Technologies' recent earnings report showed a 42.8% year-over-year increase in revenue to $519.37 million, although it was below analyst estimates; the company's EPS guidance for FY 2025 is set at 0.310.

Krilogy Financial LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,297 shares of the company's stock, valued at approximately $206,000.

Other institutional investors have also recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new stake in SoFi Technologies in the 4th quarter worth about $75,139,000. Nuveen LLC bought a new position in SoFi Technologies during the first quarter worth about $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SoFi Technologies by 58.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company's stock worth $50,467,000 after purchasing an additional 1,598,721 shares during the period. Vanguard Group Inc. increased its stake in shares of SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Finally, Sierra Summit Advisors LLC bought a new stake in shares of SoFi Technologies in the first quarter valued at approximately $9,715,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the sale, the chief technology officer directly owned 724,321 shares of the company's stock, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the sale, the executive vice president 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 disclosure for this sale can be found here. Insiders have sold a total of 97,959 shares of company stock worth $1,653,646 in the last ninety days. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citizens Jmp downgraded shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 14th. Redburn Atlantic raised SoFi Technologies to a "hold" rating in a report on Friday, August 1st. Mizuho set a $26.00 price target on SoFi Technologies and gave the company an "outperform" rating in a research report on Thursday, July 31st. Citigroup increased their price objective on SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Morgan Stanley restated an "underweight" rating and issued a $13.00 target price (up previously from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.59.

SoFi Technologies Stock Down 0.9%

Shares of NASDAQ SOFI opened at $27.42 on Wednesday. The stock has a market capitalization of $32.83 billion, a P/E ratio of 57.13, a PEG ratio of 3.29 and a beta of 1.93. SoFi Technologies, Inc. has a one year low of $7.57 and a one year high of $27.88. The firm's 50 day simple moving average is $23.37 and its two-hundred day simple moving average is $16.81. 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 released its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same quarter in the previous year, the company posted $0.01 EPS. SoFi Technologies's revenue for the quarter was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, analysts expect 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.

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