Slow Capital Inc. Takes $1.08 Million Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Slow Capital Inc. purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 92,554 shares of the company's stock, valued at approximately $1,076,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Berkshire Capital Holdings Inc. grew its position in shares of SoFi Technologies by 6,208,000.0% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after purchasing an additional 620,800 shares in the last quarter. CMG Global Holdings LLC increased its stake in shares of SoFi Technologies by 77.8% in the 1st quarter. CMG Global Holdings LLC now owns 140,389 shares of the company's stock worth $1,728,000 after acquiring an additional 61,443 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of SoFi Technologies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after acquiring an additional 315,899 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of SoFi Technologies in the first quarter valued at about $259,000. Finally, MFG Wealth Management Inc. increased its position in SoFi Technologies by 27.7% during the first quarter. MFG Wealth Management Inc. now owns 156,277 shares of the company's stock worth $1,818,000 after purchasing an additional 33,887 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Buying and Selling at SoFi Technologies

In related news, Director Magdalena Yesil sold 87,140 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total value of $1,253,944.60. Following the completion of the transaction, the director owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 11,520 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 203,509 shares in the company, valued at approximately $2,722,950.42. This represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 274,095 shares of company stock valued at $3,939,168. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Up 1.1%

Shares of SoFi Technologies stock opened at $21.20 on Monday. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $21.86. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 51.71, a PEG ratio of 3.57 and a beta of 1.91. 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 business's 50 day simple moving average is $15.15 and its 200-day simple moving average is $14.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The firm's revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SOFI. JMP Securities started coverage on SoFi Technologies in a report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price objective on the stock. Stephens started coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 price objective on the stock. Citizens Jmp began coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price on the stock. Truist Financial began coverage on shares of SoFi Technologies in a research report on Monday, June 2nd. They set a "hold" rating and a $14.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price objective on shares of SoFi Technologies from $9.00 to $13.00 and gave the stock an "underperform" rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $15.81.

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.