SoFi Technologies (NASDAQ:SOFI) EVP Kelli Keough Sells 10,036 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the sale, the executive vice president directly owned 275,374 shares in the company, valued at $7,801,345.42. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, September 18th, Kelli Keough sold 10,036 shares of SoFi Technologies stock. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96.
• On Wednesday, August 20th, Kelli Keough sold 10,578 shares of SoFi Technologies stock. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14.

SoFi Technologies Trading Down 5.4%

NASDAQ:SOFI opened at $27.19 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $32.56 billion, a PE ratio of 56.65, a price-to-earnings-growth ratio of 3.42 and a beta of 1.92. The firm’s 50 day moving average is $26.43 and its 200 day moving average is $19.52. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company had revenue of $519.37 million for the quarter, compared to analysts’ expectations of $801.94 million. During the same quarter in the previous year, the firm posted $0.01 EPS. SoFi Technologies’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. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Sullivan Wood Capital Management LLC bought a new stake in shares of SoFi Technologies during the 2nd quarter worth $2,799,000. Blair William & Co. IL lifted its holdings in shares of SoFi Technologies by 443.9% during the 2nd quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock worth $6,113,000 after acquiring an additional 273,972 shares during the last quarter. CMG Global Holdings LLC lifted its holdings in shares of SoFi Technologies by 77.8% during the 1st quarter. CMG Global Holdings LLC now owns 140,389 shares of the company’s stock worth $1,728,000 after acquiring an additional 61,443 shares during the last quarter. Finally, Nicholas Wealth LLC. bought a new stake in shares of SoFi Technologies during the 1st quarter worth $993,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SOFI. Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a research note on Friday, August 1st. Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective for the company. Cowen began coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a “hold” rating for the company. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. lifted 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, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.71.

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.