Kelli Keough Sells 9,308 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 9,308 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $10.36, for a total value of $96,430.88. Following the transaction, the executive vice president now owns 152,203 shares of the company’s stock, valued at $1,576,823.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 23rd, Kelli Keough sold 9,308 shares of SoFi Technologies stock. The shares were sold at an average price of $7.99, for a total value of $74,370.92.
• On Thursday, August 22nd, Kelli Keough sold 24,939 shares of SoFi Technologies stock. The shares were sold at an average price of $7.26, for a total transaction of $181,057.14.

SoFi Technologies Trading Up 4.9 %

NASDAQ SOFI opened at $10.93 on Friday. The stock has a market cap of $11.56 billion, a PE ratio of -35.26, a PEG ratio of 1.72 and a beta of 1.70. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $11.30. The company’s 50-day moving average price is $8.15 and its 200-day moving average price is $7.39. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $598.60 million for the quarter, compared to analyst estimates of $565.19 million. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of SoFi Technologies in a research note on Wednesday, July 31st. Citigroup downgraded SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Barclays lowered their price target on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.25.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of SoFi Technologies in the first quarter valued at about $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of SoFi Technologies by 55.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock worth $29,000 after purchasing an additional 1,543 shares during the period. GAMMA Investing LLC boosted its stake in shares of SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock valued at $33,000 after purchasing an additional 1,981 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in SoFi Technologies during the first quarter valued at approximately $37,000. Finally, Waldron Private Wealth LLC bought a new position in SoFi Technologies in the third quarter worth approximately $39,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.