SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Algert Global LLC

Algert Global LLC lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,367 shares of the company's stock after purchasing an additional 38,881 shares during the quarter. Algert Global LLC's holdings in SoFi Technologies were worth $4,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SOFI. Vanguard Group Inc. grew its holdings in SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after acquiring an additional 8,898,879 shares during the period. Norges Bank purchased a new position in shares of SoFi Technologies during the 4th quarter worth approximately $103,678,000. Amundi raised its position in shares of SoFi Technologies by 58,176.3% during the 4th quarter. Amundi now owns 2,705,185 shares of the company's stock worth $39,360,000 after purchasing an additional 2,700,543 shares during the last quarter. First Trust Advisors LP lifted its stake in SoFi Technologies by 583.6% in the 4th quarter. First Trust Advisors LP now owns 2,686,667 shares of the company's stock valued at $41,375,000 after buying an additional 2,293,622 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in SoFi Technologies during the 4th quarter valued at $26,755,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 215,029 shares in the company, valued at $2,302,960.59. This trade represents a 4.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,172 shares of company stock valued at $1,271,115. Company insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 2.2 %

SoFi Technologies stock traded up $0.29 during midday trading on Thursday, reaching $13.30. The stock had a trading volume of 52,457,051 shares, compared to its average volume of 46,886,150. The stock has a market capitalization of $14.58 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock's 50-day simple moving average is $11.90 and its 200 day simple moving average is $13.79. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The business had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. During the same quarter in the previous year, the business earned $0.02 EPS. The company's revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SOFI. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. Citigroup lifted their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and a consensus price target of $14.38.

SoFi Technologies Company Profile

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.