Kelli Keough Sells 10,267 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,267 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.22, for a total transaction of $156,263.74. Following the completion of the transaction, the executive vice president now directly owns 255,467 shares in the company, valued at $3,888,207.74. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, May 20th, Kelli Keough sold 11,520 shares of SoFi Technologies stock. The shares were sold at an average price of $13.38, for a total transaction of $154,137.60.
• On Monday, April 21st, Kelli Keough sold 11,181 shares of SoFi Technologies stock. The shares were sold at an average price of $10.71, for a total transaction of $119,748.51.

SoFi Technologies Price Performance

Shares of SOFI stock traded up $0.41 during trading on Friday, hitting $17.18. The company had a trading volume of 92,092,700 shares, compared to its average volume of 51,305,827. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock's 50-day moving average is $13.76 and its two-hundred day moving average is $13.96. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 2.91 and a beta of 1.82. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The company had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. SoFi Technologies's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. As a group, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

SOFI has been the topic of several recent research reports. Stephens initiated coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price objective on the stock. Truist Financial initiated coverage on shares of SoFi Technologies in a report on Monday, June 2nd. They set a "hold" rating and a $14.00 price objective on the stock. JMP Securities initiated coverage on shares of SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective on the stock. Citizens Jmp initiated coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $20.00 price target on shares of SoFi Technologies in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.73.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after purchasing an additional 1,130,250 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $299,980,000. Geode Capital Management LLC boosted its stake in shares of SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock valued at $276,288,000 after purchasing an additional 315,899 shares during the period. Norges Bank purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $103,678,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SoFi Technologies by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company's stock valued at $75,278,000 after purchasing an additional 159,109 shares during the period. 38.43% of the stock is currently owned by institutional investors.

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.