SoFi Technologies, Inc. $SOFI Shares Purchased by Sigma Planning Corp

Key Points

• Sigma Planning Corp increased its stake in SoFi by 34.7% in Q2, buying an additional 15,617 shares to hold 60,653 shares valued at about $1.104 million.
• SoFi beat quarterly expectations with EPS of $0.11 versus $0.09 and revenue of $949.6M (up 37.7% YoY); the stock opened at $30.07, has a market cap of $36.01B and a one‑year range of $8.60–$32.56.
• Insiders sold 129,383 shares worth roughly $3.51M in the last three months while institutional ownership stands at 38.43%, and analysts hold a consensus "Hold" rating with an average price target of $25.06.

Sigma Planning Corp lifted its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 34.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,653 shares of the company's stock after purchasing an additional 15,617 shares during the period. Sigma Planning Corp's holdings in SoFi Technologies were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SOFI. Brighton Jones LLC increased its holdings in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Amalgamated Bank increased its holdings in SoFi Technologies by 3.6% in the 1st quarter. Amalgamated Bank now owns 59,068 shares of the company's stock worth $687,000 after acquiring an additional 2,051 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in SoFi Technologies by 36.2% in the 1st quarter. Teacher Retirement System of Texas now owns 247,693 shares of the company's stock worth $2,881,000 after acquiring an additional 65,854 shares in the last quarter. Mutual Advisors LLC purchased a new stake in SoFi Technologies in the 1st quarter worth $142,000. Finally, OneDigital Investment Advisors LLC increased its holdings in SoFi Technologies by 21.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 29,971 shares of the company's stock worth $349,000 after acquiring an additional 5,292 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $30.07 on Thursday. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.56. The company has a market cap of $36.01 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 2.86 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The business's 50 day moving average price is $27.56 and its 200 day moving average price is $21.00.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. The firm had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. SoFi Technologies's quarterly revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the company's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $28.33, for a total value of $284,319.88. Following the completion of the sale, the executive vice president owned 275,374 shares of the company's stock, valued at approximately $7,801,345.42. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 98,733 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer directly owned 759,553 shares of the company's stock, valued at $20,887,707.50. This represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,383 shares of company stock valued at $3,513,171 in the last three months. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SOFI shares. Barclays boosted their price target on shares of SoFi Technologies from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, October 29th. Rothschild & Co Redburn started coverage on shares of SoFi Technologies in a report on Friday, August 1st. They issued a "neutral" rating and a $20.50 price target for the company. BTIG Research reissued a "neutral" rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Needham & Company LLC boosted their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, October 29th. Finally, UBS Group upped their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a "neutral" rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.06.

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.

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