Perigon Wealth Management LLC Has $657,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Perigon Wealth Management LLC grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,307 shares of the company’s stock after buying an additional 2,047 shares during the quarter. Perigon Wealth Management LLC’s holdings in SoFi Technologies were worth $657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SOFI. KBC Group NV boosted its stake in SoFi Technologies by 50.6% during the 4th quarter. KBC Group NV now owns 40,715 shares of the company’s stock valued at $627,000 after purchasing an additional 13,683 shares during the last quarter. Grange Capital LLC purchased a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $1,999,000. Exchange Traded Concepts LLC bought a new stake in SoFi Technologies during the fourth quarter worth $2,706,000. RFG Advisory LLC purchased a new stake in SoFi Technologies in the 4th quarter valued at $646,000. Finally, Brighton Jones LLC lifted its stake in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Trading Down 4.0 %

Shares of SOFI opened at $15.78 on Friday. The firm has a market cap of $17.12 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.78. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The business has a 50-day moving average of $15.84 and a 200 day moving average of $11.34.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period last year, the company earned $0.04 EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other news, Director Bashir Ruzwana sold 52,000 shares of SoFi Technologies stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the sale, the director now owns 25,937 shares in the company, valued at approximately $415,510.74. This trade represents a 66.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the transaction, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock worth $416,950,073 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on SOFI shares. Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. UBS Group boosted their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays increased their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

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.