SoFi Technologies (NASDAQ:SOFI) EVP Kelli Keough Sells 10,037 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the sale, the executive vice president owned 323,247 shares in the company, valued at $5,020,025.91. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 21st, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The stock was sold at an average price of $19.25, for a total value of $187,533.50.
• On Friday, March 20th, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The stock was sold at an average price of $16.94, for a total value of $165,029.48.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $15.62 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $20.04 billion, a P/E ratio of 35.50 and a beta of 2.12. SoFi Technologies, Inc. has a 12 month low of $12.74 and a 12 month high of $32.73. The business’s 50-day moving average is $16.78 and its 200 day moving average is $22.09.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities research analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vestor Capital LLC raised its position in SoFi Technologies by 549.3% in the 1st quarter. Vestor Capital LLC now owns 6,532 shares of the company’s stock worth $104,000 after purchasing an additional 5,526 shares during the period. BankChampaign National Association purchased a new stake in SoFi Technologies in the 1st quarter worth about $254,000. Norris Financial Group LLC purchased a new stake in SoFi Technologies in the 1st quarter worth about $828,000. Western Wealth Management LLC purchased a new stake in SoFi Technologies in the 1st quarter worth about $110,000. Finally, Centaurus Financial Inc. raised its position in SoFi Technologies by 549.3% in the 1st quarter. Centaurus Financial Inc. now owns 72,374 shares of the company’s stock worth $1,149,000 after purchasing an additional 61,228 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SOFI. Wells Fargo & Company decreased their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Barclays decreased their target price on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Stephens decreased their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Mizuho set a $29.00 target price on shares of SoFi Technologies in a research report on Wednesday, May 6th. Finally, UBS Group decreased their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.56.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.