Triumph Capital Management Sells 315,744 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Triumph Capital Management decreased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,446 shares of the company's stock after selling 315,744 shares during the quarter. Triumph Capital Management's holdings in SoFi Technologies were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Berkshire Capital Holdings Inc. increased its stake in shares of SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after buying an additional 620,800 shares during the period. SBI Securities Co. Ltd. acquired a new stake in SoFi Technologies in the fourth quarter worth about $3,703,000. Hanseatic Management Services Inc. bought a new stake in SoFi Technologies during the 4th quarter worth about $1,116,000. Kercheville Advisors LLC acquired a new position in SoFi Technologies during the 4th quarter valued at about $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. boosted its stake in shares of SoFi Technologies by 12.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock valued at $9,131,000 after purchasing an additional 67,779 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the transaction, the executive vice president now directly owns 215,029 shares of the company's stock, valued at $2,302,960.59. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This represents a 9.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,172 shares of company stock worth $1,271,115. Company insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 1.4%

SOFI stock traded down $0.19 during trading hours on Monday, reaching $13.73. 55,945,100 shares of the stock were exchanged, compared to its average volume of 47,585,500. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 2.24 and a beta of 1.84. The firm's 50-day moving average is $12.07 and its 200-day moving average is $13.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly 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. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The firm had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business's quarterly revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SOFI. UBS Group increased their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of SoFi Technologies in a research note on Wednesday, April 30th. Citizens Jmp began coverage on SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 target price for the company. Finally, Barclays upped their price target on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.38.

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.