Insider Selling: SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Sells 11,181 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $10.71, for a total value of $119,748.51. Following the sale, the executive vice president now owns 215,029 shares of the company's stock, valued at $2,302,960.59. This trade represents a 4.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, March 20th, Kelli Keough sold 11,181 shares of SoFi Technologies stock. The shares were sold at an average price of $12.72, for a total value of $142,222.32.
• On Thursday, February 20th, Kelli Keough sold 9,185 shares of SoFi Technologies stock. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55.

SoFi Technologies Trading Up 4.6 %

Shares of SOFI traded up $0.57 on Friday, hitting $12.88. 70,369,645 shares of the stock traded hands, compared to its average volume of 46,428,797. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The firm has a market capitalization of $14.12 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.24 and a beta of 1.86. The stock's 50 day moving average is $12.20 and its two-hundred day moving average is $13.64. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

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

Analyst Ratings Changes

SOFI has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.10.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds have recently added to or reduced their stakes in SOFI. Virtu Financial LLC acquired a new stake in SoFi Technologies in the 3rd quarter valued at about $1,649,000. World Investment Advisors LLC raised its stake in shares of SoFi Technologies by 6.5% during the 3rd quarter. World Investment Advisors LLC now owns 21,745 shares of the company's stock worth $171,000 after purchasing an additional 1,336 shares in the last quarter. GAMMA Investing LLC grew its position in SoFi Technologies by 40.3% in the fourth quarter. GAMMA Investing LLC now owns 5,925 shares of the company's stock worth $91,000 after acquiring an additional 1,703 shares in the last quarter. Everence Capital Management Inc. bought a new position in SoFi Technologies during the fourth quarter valued at about $498,000. Finally, Waller Financial Planning Group Inc. boosted its position in SoFi Technologies by 3,027.5% during the fourth quarter. Waller Financial Planning Group Inc. now owns 10,227 shares of the company's stock worth $157,000 after purchasing an additional 9,900 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.