National Bank of Canada FI Sells 42,899 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

National Bank of Canada FI lessened its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 59.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,678 shares of the company's stock after selling 42,899 shares during the period. National Bank of Canada FI's holdings in SoFi Technologies were worth $457,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SOFI. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SoFi Technologies during the 4th quarter valued at $27,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at about $31,000. FNY Investment Advisers LLC raised its stake in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares during the period. IAG Wealth Partners LLC bought a new position in SoFi Technologies in the fourth quarter worth approximately $38,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in SoFi Technologies by 33.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 38.43% of the company's stock.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,905 shares of company stock valued at $1,308,075. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. The Goldman Sachs Group lifted 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. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Needham & Company LLC boosted their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $12.50.

SoFi Technologies Stock Performance

NASDAQ:SOFI traded up $0.19 during trading on Friday, reaching $10.71. The company's stock had a trading volume of 42,703,989 shares, compared to its average volume of 46,036,579. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. 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 firm has a 50 day moving average of $13.02 and a 200-day moving average of $13.45.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm earned $0.04 earnings per share. Research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

SoFi Technologies 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.