Insider Selling: SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells 10,267 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,267 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $21.80, for a total transaction of $223,820.60. Following the completion of the transaction, the executive vice president directly owned 245,200 shares of the company's stock, valued at approximately $5,345,360. This represents a 4.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 20th, Kelli Keough sold 10,267 shares of SoFi Technologies stock. The stock was sold at an average price of $15.22, for a total transaction of $156,263.74.
• On Tuesday, May 20th, Kelli Keough sold 11,520 shares of SoFi Technologies stock. The stock was sold at an average price of $13.38, for a total transaction of $154,137.60.

SoFi Technologies Trading Down 0.2%

NASDAQ SOFI traded down $0.05 during trading on Thursday, hitting $21.51. The company had a trading volume of 45,928,101 shares, compared to its average volume of 70,776,264. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $22.74. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 3.64 and a beta of 1.91. The company's fifty day moving average is $16.59 and its 200-day moving average is $14.57.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SOFI shares. Cowen started coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating for the company. JMP Securities reaffirmed a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a research note on Monday, July 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. Barclays upped their price objective on shares of SoFi Technologies from $12.00 to $18.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, UBS Group upped their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.78.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new position in SoFi Technologies in the 4th quarter worth $32,000. Hazlett Burt & Watson Inc. raised its holdings in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of SoFi Technologies in the 1st quarter worth about $28,000. SVB Wealth LLC bought a new position in shares of SoFi Technologies in the 1st quarter worth about $28,000. Finally, TD Private Client Wealth LLC increased its stake in shares of SoFi Technologies by 153.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company's stock worth $47,000 after acquiring an additional 1,553 shares in the last quarter. 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.