Arun Pinto Sells 46,132 Shares of SoFi Technologies (NASDAQ:SOFI) Stock

by · The Cerbat Gem

SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) insider Arun Pinto sold 46,132 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the transaction, the insider owned 138,396 shares in the company, valued at approximately $3,426,684.96. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

SoFi Technologies Stock Performance

NASDAQ SOFI traded up $0.28 on Friday, hitting $25.19. 89,798,720 shares of the company’s stock traded hands, compared to its average volume of 64,644,270. The firm’s 50-day moving average price is $28.15 and its two-hundred day moving average price is $22.15. The firm has a market capitalization of $30.38 billion, a PE ratio of 46.65, a P/E/G ratio of 2.61 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group lifted their price target on SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Truist Financial raised their price objective on shares of SoFi Technologies from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Finally, Mizuho set a $38.00 target price on shares of SoFi Technologies in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $25.06.

Check Out Our Latest Stock Analysis on SoFi Technologies

Institutional Trading of SoFi Technologies

Institutional investors have recently bought and sold shares of the business. SJS Investment Consulting Inc. raised its stake in shares of SoFi Technologies by 840.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the period. Salomon & Ludwin LLC purchased a new stake in SoFi Technologies in the 3rd quarter worth $29,000. Assetmark Inc. raised its position in SoFi Technologies by 50.5% during the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after acquiring an additional 427 shares during the period. Blume Capital Management Inc. lifted its holdings in SoFi Technologies by 52.9% during the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock valued at $34,000 after purchasing an additional 450 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of SoFi Technologies in the third quarter valued at about $36,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Company Profile

(Get Free Report)

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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