iA Global Asset Management Inc. Sells 64,879 Shares of SoFi Technologies, Inc. $SOFI

iA Global Asset Management Inc. decreased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 77.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,611 shares of the company’s stock after selling 64,879 shares during the quarter. iA Global Asset Management Inc.’s holdings in SoFi Technologies were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SOFI. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies in the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after acquiring an additional 878 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of SoFi Technologies in the 4th quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SoFi Technologies in the 4th quarter worth $29,000. Finally, Quaker Wealth Management LLC grew its stake in shares of SoFi Technologies by 2,745.2% in the 4th quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock worth $31,000 after acquiring an additional 1,153 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Insider Transactions at SoFi Technologies

In other news, CEO Anthony Noto purchased 15,545 shares of the stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the acquisition, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This represents a 0.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,742 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $19.25, for a total transaction of $187,533.50. Following the completion of the sale, the executive vice president directly owned 333,284 shares in the company, valued at approximately $6,415,717. The trade was a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 124,197 shares of company stock valued at $2,191,758. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. UBS Group reduced their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Keefe, Bruyette & Woods reduced their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Tuesday, February 3rd. Finally, Argus began coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average target price of $22.56.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $15.71 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $20.15 billion, a PE ratio of 35.71 and a beta of 2.12. SoFi Technologies, Inc. has a twelve month low of $12.74 and a twelve month high of $32.73. The company has a 50-day moving average price of $17.03 and a two-hundred day moving average price of $22.44.

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

SoFi Technologies Profile

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.