SoFi Technologies (NASDAQ:SOFI) EVP Sells 11,286 Shares

Key Points

• SoFi EVP Kelli Keough sold 11,286 shares at an average price of $18.00, generating $203,148; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced her holdings by 3.07%.
• SoFi reported quarterly EPS of $0.12, exceeding estimates by $0.01, while revenue reached $1.21 billion—up 42.5% year over year and above expectations.
• Analysts maintain a consensus “Hold” rating, with an average price target of $22.42; shares recently traded at $18.24 after declining 3.5%.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 11,286 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 20th, Kelli Keough sold 10,954 shares of SoFi Technologies stock. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26.
• On Monday, June 22nd, Kelli Keough sold 10,954 shares of SoFi Technologies stock. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90.

SoFi Technologies Trading Down 3.5%

Shares of SOFI stock traded down $0.67 during trading hours on Monday, hitting $18.24. The company had a trading volume of 33,323,057 shares, compared to its average volume of 68,594,656. The company's fifty day moving average is $17.73 and its 200 day moving average is $17.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The stock has a market capitalization of $23.56 billion, a PE ratio of 38.00 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm's quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Research analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after purchasing an additional 14,281 shares during the last quarter. Caxton Associates LLP purchased a new stake in SoFi Technologies during the 1st quarter worth about $129,000. Empowered Funds LLC lifted its holdings in SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock worth $385,000 after buying an additional 1,631 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of SoFi Technologies by 23.2% during the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock worth $251,000 after acquiring an additional 2,596 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of SoFi Technologies in the 2nd quarter valued at about $4,633,000. Institutional investors and hedge funds own 38.43% of the company's stock.

Analysts Set New Price Targets

SOFI has been the topic of several research reports. Citigroup decreased their target price on SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, May 4th. Weiss Ratings upgraded shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. TD Cowen reduced their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. UBS Group lowered their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 30th. Finally, Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $22.42.

About SoFi Technologies

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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