SoFi Technologies (NASDAQ:SOFI) EVP Sells $190,051.90 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the sale, the executive vice president directly owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Kelli Keough sold 10,037 shares of SoFi Technologies stock. The shares were sold at an average price of $15.53, for a total value of $155,874.61.
• On Tuesday, April 21st, Kelli Keough sold 9,742 shares of SoFi Technologies stock. The shares were sold at an average price of $19.25, for a total value of $187,533.50.

SoFi Technologies Stock Performance

NASDAQ SOFI traded up $0.19 during trading hours on Tuesday, hitting $17.29. The company’s stock had a trading volume of 89,123,368 shares, compared to its average volume of 79,229,352. SoFi Technologies, Inc. has a 12 month low of $14.92 and a 12 month high of $32.73. The company’s 50 day simple moving average is $17.00 and its two-hundred day simple moving average is $20.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The company has a market cap of $22.18 billion, a P/E ratio of 39.30 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Key Headlines Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi launched Composer by SoFi, an AI-powered investing platform designed to help customers create, test, and automate trading strategies, reinforcing its push to become an all-in-one digital financial services app. Reuters: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: SoFi’s acquisition of Composer expands its AI investing capabilities and could broaden product usage and retention if the new tools gain traction with retail investors. Yahoo Finance: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: Wall Street attention turned more favorable after Jim Cramer said he still believes SOFI is a buy, adding to bullish retail sentiment around the stock. Yahoo Finance: Jim Cramer on SoFi
• Neutral Sentiment: Some commentary remains cautious, noting SoFi still trades at a premium valuation and faces interest-rate and execution risks as it tries to grow new businesses like business banking and crypto. Seeking Alpha: SoFi market still misunderstanding its flywheel
• Negative Sentiment: Recent insider selling by the general counsel may be viewed cautiously, even though the filing said the sale was for tax withholding tied to equity awards. Insider Monkey: Jim Cramer on SoFi

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. bought a new position in SoFi Technologies in the 4th quarter worth $25,000. Blue Trust Inc. grew its holdings in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares during the period. Vermillion Wealth Management Inc. increased its position in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 739 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in SoFi Technologies in the fourth quarter worth about $28,000. Finally, Reflection Asset Management bought a new position in shares of SoFi Technologies in the fourth quarter worth about $28,000. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SOFI shares. Needham & Company LLC cut their target price on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Citigroup dropped their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company cut their price objective on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. TD Cowen reduced their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods lowered their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to 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.