SoFi Technologies, Inc. $SOFI Shares Sold by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors cut its SoFi Technologies position by 89.3% in the third quarter, selling 222,829 shares and retaining 26,653 shares worth approximately $419,000. Institutional investors collectively own 38.43% of the company.
• SoFi shares fell 1.7% to $14.30, near the company’s one-year low of $13.86. The stock has a consensus “Hold” rating, with analysts’ average price target at $22.20.
• SoFi’s latest quarterly results exceeded expectations, with adjusted earnings of $0.12 per share versus the $0.11 consensus and revenue of $1.21 billion, up 42.5% year over year.

Teamwork Financial Advisors LLC lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 89.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,653 shares of the company's stock after selling 222,829 shares during the period. Teamwork Financial Advisors LLC's holdings in SoFi Technologies were worth $419,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Reflection Asset Management purchased a new position in SoFi Technologies during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC grew its holdings in SoFi Technologies by 232.1% in the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company's stock worth $34,000 after purchasing an additional 1,467 shares during the period. Compass Financial Management LLC purchased a new stake in shares of SoFi Technologies in the second quarter worth $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company's stock worth $35,000 after buying an additional 689 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in SoFi Technologies in the 4th quarter worth approximately $36,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the sale, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $16.99, for a total transaction of $173,348.97. Following the completion of the sale, the executive vice president owned 408,073 shares of the company's stock, valued at $6,933,160.27. This trade represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 40,113 shares of company stock valued at $702,417. 2.50% of the stock is owned by company insiders.

SoFi Technologies Trading Down 1.7%

SOFI stock traded down $0.25 during midday trading on Monday, reaching $14.30. The company's stock had a trading volume of 39,596,904 shares, compared to its average volume of 63,966,660. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 0.84 and a beta of 2.33. The stock has a fifty day simple moving average of $17.09 and a two-hundred day simple moving average of $17.12. SoFi Technologies, Inc. has a 1 year low of $13.86 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. SoFi Technologies's quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group set a $15.00 price objective on SoFi Technologies in a research report on Tuesday, October 13th. Wells Fargo & Company reduced their target price on SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Needham & Company LLC decreased their price target on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Morgan Stanley lowered their price target on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings cut SoFi Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.20.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi's offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.

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