B & T Capital Management DBA Alpha Capital Management Sells 25,792 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

B & T Capital Management DBA Alpha Capital Management reduced its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,075 shares of the company's stock after selling 25,792 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in SoFi Technologies were worth $4,804,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after purchasing an additional 14,281 shares during the last quarter. Victory Capital Management Inc. lifted its position in SoFi Technologies by 104.4% during the fourth quarter. Victory Capital Management Inc. now owns 262,979 shares of the company's stock valued at $4,050,000 after purchasing an additional 134,318 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in SoFi Technologies during the fourth quarter valued at approximately $513,000. Raymond James Financial Inc. bought a new stake in SoFi Technologies during the fourth quarter valued at approximately $14,479,000. Finally, PNC Financial Services Group Inc. lifted its position in SoFi Technologies by 7.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,013 shares of the company's stock valued at $370,000 after purchasing an additional 1,740 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SOFI has been the topic of several research reports. Truist Financial initiated coverage on shares of SoFi Technologies in a research note on Monday, June 2nd. They set a "hold" rating and a $14.00 price target on the stock. TD Cowen initiated coverage on shares of SoFi Technologies in a research note on Friday. They set a "hold" rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of SoFi Technologies from $9.00 to $13.00 and gave the stock an "underperform" rating in a research note on Thursday, July 10th. JMP Securities reaffirmed a "market perform" rating and issued a $17.00 target price on shares of SoFi Technologies in a research note on Monday. Finally, Stephens started coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $16.41.

Insider Activity

In other news, EVP Kelli Keough sold 10,267 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.22, for a total transaction of $156,263.74. Following the sale, the executive vice president owned 255,467 shares in the company, valued at approximately $3,888,207.74. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,095 shares of company stock worth $3,939,168. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Trading Down 1.7%

NASDAQ:SOFI traded down $0.37 during trading hours on Tuesday, hitting $20.96. The company had a trading volume of 61,269,481 shares, compared to its average volume of 53,462,972. The company has a market capitalization of $23.17 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 3.57 and a beta of 1.91. The stock has a 50-day moving average price of $15.32 and a 200 day moving average price of $14.21. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $21.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. The firm had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. During the same quarter in the previous year, the business posted $0.02 EPS. The company's quarterly revenue was up 32.7% on a year-over-year basis. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

About SoFi Technologies

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.