SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) CEO Anthony Noto acquired 28,775 shares of SoFi Technologies stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $6.90 per share, with a total value of $198,547.50. Following the completion of the acquisition, the chief executive officer now owns 8,033,369 shares of the company’s stock, valued at approximately $55,430,246.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
SoFi Technologies Stock Down 0.4 %
Shares of NASDAQ SOFI opened at $6.96 on Monday. The stock’s 50-day simple moving average is $7.51 and its two-hundred day simple moving average is $7.85. SoFi Technologies, Inc. has a twelve month low of $4.45 and a twelve month high of $11.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.23 and a current ratio of 1.04.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $580.60 million during the quarter, compared to analyst estimates of $555.27 million. SoFi Technologies had a positive return on equity of 1.13% and a negative net margin of 8.21%. SoFi Technologies’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, analysts predict that SoFi Technologies, Inc. will post 0.08 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on SoFi Technologies
Institutional Trading of SoFi Technologies
Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in SoFi Technologies in the fourth quarter worth approximately $71,349,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of SoFi Technologies by 176.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,767,302 shares of the company’s stock valued at $78,601,000 after purchasing an additional 6,870,610 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of SoFi Technologies by 176.3% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 10,767,302 shares of the company’s stock valued at $78,494,000 after purchasing an additional 6,870,610 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 81,459,986 shares of the company’s stock valued at $810,527,000 after purchasing an additional 5,057,233 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in SoFi Technologies in the 4th quarter worth $38,595,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.
About SoFi Technologies
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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