Catalyst Funds Management Pty Ltd Sells 160,155 Shares of SoFi Technologies, Inc. $SOFI

Catalyst Funds Management Pty Ltd decreased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 83.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 31,145 shares of the company’s stock after selling 160,155 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in SoFi Technologies were worth $567,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of SoFi Technologies during the first quarter valued at $28,000. SVB Wealth LLC bought a new stake in SoFi Technologies during the 1st quarter worth about $28,000. TD Private Client Wealth LLC lifted its position in SoFi Technologies by 153.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company’s stock valued at $47,000 after purchasing an additional 1,553 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of SoFi Technologies in the 2nd quarter valued at about $61,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $39,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $28.33, for a total value of $284,319.88. Following the sale, the executive vice president directly owned 275,374 shares of the company’s stock, valued at approximately $7,801,345.42. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 118,805 shares of company stock valued at $3,279,080 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SOFI. Rothschild & Co Redburn initiated coverage on shares of SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective on the stock. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price target on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. UBS Group lifted their price objective on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, Barclays upped their price objective on SoFi Technologies from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.06.

SoFi Technologies Stock Down 6.8%

Shares of SoFi Technologies stock opened at $24.91 on Friday. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The business has a 50-day moving average of $28.15 and a two-hundred day moving average of $22.15. The company has a market capitalization of $30.04 billion, a P/E ratio of 46.13, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The business had revenue of $949.63 million for the quarter, compared to analysts’ expectations of $880.33 million. During the same quarter in the previous year, the business posted $0.05 EPS. SoFi Technologies’s revenue for the quarter was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current 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.