SoFi Technologies (NASDAQ:SOFI) EVP Sells $150,188.16 in Stock

Key Points

• SoFi EVP Kelli Keough sold 10,203 shares at an average price of $14.72, totaling $150,188.16. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 397,870 shares.
• SoFi shares were trading near $14.77, close to their 52-week low of $13.86 and below both the 50-day and 200-day moving averages. The company has a market capitalization of approximately $19.08 billion.
• SoFi’s latest quarterly results exceeded expectations, with $0.12 in EPS versus a $0.11 consensus estimate and $1.21 billion in revenue. Analysts maintain a consensus “Hold” rating with an average price target of $22.20.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,203 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $14.72, for a total value of $150,188.16. Following the completion of the sale, the executive vice president owned 397,870 shares of the company's stock, valued at approximately $5,856,646.40. This trade represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Kelli Keough sold 10,203 shares of SoFi Technologies stock. The stock was sold at an average price of $16.99, for a total value of $173,348.97.
• On Thursday, August 20th, Kelli Keough sold 11,286 shares of SoFi Technologies stock. The shares were sold at an average price of $18.00, for a total value of $203,148.00.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded down $0.13 during trading on Thursday, reaching $14.77. The stock had a trading volume of 40,931,849 shares, compared to its average volume of 45,461,544. SoFi Technologies, Inc. has a 52 week low of $13.86 and a 52 week high of $32.73. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 0.86 and a beta of 2.33. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $16.81 and a two-hundred day simple moving average of $17.09.

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 (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. SoFi Technologies's quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.60 earnings per share for the current fiscal year.

More SoFi Technologies News

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Tokenized deposit launch: SoFi introduced SOFIE, a tokenized bank deposit offering a reported 4.40% yield and FDIC insurance. Each token represents $1 held at SoFi Bank and can be converted into SoFiUSD for crypto purchases or on-chain transfers. The product could attract idle digital-asset cash, increase deposits and deepen customer engagement while differentiating SoFi from conventional stablecoins. Reuters article
• Positive Sentiment: Expanded financial-product ecosystem: SoFi partnered with Prudential Financial to offer term life insurance directly through its app to more than 15 million members. In-app quotes, applications and purchases could support cross-selling and diversify revenue beyond lending. SoFi and Prudential partnership
• Neutral Sentiment: Earnings are the next major test: Investors are looking for evidence that SoFi’s strong growth is continuing in the quarter ended September. Reports cite an expected revenue figure of approximately $1.26 billion, making the Oct. 27 release a potentially important catalyst for the stock. Zacks Q3 preview
• Negative Sentiment: Persistent share-price weakness: SoFi has traded near its 52-week low and substantially below its 50-day and 200-day moving averages. Commentary questions whether the crypto-linked launch can reverse the decline or distract from concerns that will be tested by earnings. SoFi stock performance analysis

Analysts Set New Price Targets

SOFI has been the subject of several research analyst reports. Needham & Company LLC cut their price objective on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Morgan Stanley lowered their target price on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company lowered their target price on SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Truist Financial lifted their price target on SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. Finally, TD Cowen cut their price target on SoFi Technologies from $18.00 to $17.50 and set a "hold" rating for the company in a 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 assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.20.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in SoFi Technologies during the second quarter worth about $1,298,925,000. Bank of America Corp DE bought a new position in SoFi Technologies during the second quarter valued at about $163,808,000. D.A. Davidson & CO. increased its stake in SoFi Technologies by 22.2% during the first quarter. D.A. Davidson & CO. now owns 267,848 shares of the company's stock valued at $4,253,000 after acquiring an additional 48,682 shares during the period. Illinois Municipal Retirement Fund raised its holdings in SoFi Technologies by 24.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 189,849 shares of the company's stock valued at $3,015,000 after acquiring an additional 37,554 shares in the last quarter. Finally, Clare Market Investments LLC acquired a new position in SoFi Technologies in the 1st quarter valued at approximately $570,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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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