Kelli Keough Sells 9,185 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares of the company's stock, valued at $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kelli Keough also recently made the following trade(s):

• On Tuesday, January 21st, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The shares were sold at an average price of $17.58, for a total value of $156,708.12.
• On Monday, December 23rd, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26.

SoFi Technologies Stock Performance

Shares of SOFI stock traded down $0.27 on Monday, reaching $14.41. The stock had a trading volume of 43,407,399 shares, compared to its average volume of 44,360,102. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company has a 50 day simple moving average of $15.70 and a 200 day simple moving average of $12.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock has a market cap of $15.63 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the prior year, the business earned $0.04 EPS. Equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SOFI. Vanguard Group Inc. raised its position in SoFi Technologies by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock valued at $1,514,390,000 after purchasing an additional 8,898,879 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of SoFi Technologies during the 4th quarter valued at about $299,980,000. State Street Corp increased its holdings in shares of SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after purchasing an additional 310,532 shares during the period. Geode Capital Management LLC grew its stake in shares of SoFi Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares during the last quarter. Finally, Norges Bank acquired a new stake in SoFi Technologies during the 4th quarter valued at $103,678,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America reaffirmed an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Needham & Company LLC raised their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Citigroup boosted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.50.

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.