SoFi Technologies (NASDAQ:SOFI) EVP Kelli Keough Sells 10,578 Shares

Key Points

• SoFi Technologies EVP Kelli Keough sold 10,578 shares of the company's stock on August 20th at an average price of $22.13, resulting in a total transaction of approximately $234,091.
• The company's stock rose 3.6% to $23.33 following recent trading, with a market cap of $27.94 billion and a PE ratio of 48.60.
• SoFi's latest quarterly earnings report showed earnings per share (EPS) of $0.08, surpassing analyst expectations of $0.06, despite revenue of $519.37 million falling short of projections.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 10,578 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the transaction, the executive vice president owned 234,622 shares of the company's stock, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, July 18th, Kelli Keough sold 10,267 shares of SoFi Technologies stock. The shares were sold at an average price of $21.80, for a total transaction of $223,820.60.
• On Friday, June 20th, Kelli Keough sold 10,267 shares of SoFi Technologies stock. The shares were sold at an average price of $15.22, for a total transaction of $156,263.74.

SoFi Technologies Trading Up 3.6%

NASDAQ SOFI traded up $0.81 on Thursday, hitting $23.33. The company's stock had a trading volume of 53,231,896 shares, compared to its average volume of 60,501,863. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies, Inc. has a 1-year low of $6.75 and a 1-year high of $25.11. The company's 50-day moving average is $19.93 and its 200 day moving average is $15.41. The firm has a market cap of $27.94 billion, a PE ratio of 48.60, a PEG ratio of 2.82 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. During the same period in the prior year, the company posted $0.01 EPS. The company's revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in SoFi Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company's stock worth $1,826,235,000 after acquiring an additional 820,190 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of SoFi Technologies in the fourth quarter valued at $299,980,000. Norges Bank bought a new position in shares of SoFi Technologies in the second quarter valued at $164,068,000. Marshall Wace LLP lifted its stake in shares of SoFi Technologies by 88.2% in the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company's stock valued at $145,628,000 after buying an additional 3,748,817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of SoFi Technologies by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company's stock valued at $120,702,000 after buying an additional 155,583 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. TD Cowen initiated coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating and a $21.00 price objective on the stock. Mizuho set a $26.00 price objective on shares of SoFi Technologies and gave the company an "outperform" rating in a research note on Thursday, July 31st. 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $19.35.

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.

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