SoFi Technologies (NASDAQ:SOFI) General Counsel Sells $20,849.40 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) General Counsel Robert Lavet sold 1,188 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $17.55, for a total transaction of $20,849.40. Following the sale, the general counsel owned 88,200 shares in the company, valued at approximately $1,547,910. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoFi Technologies Price Performance

Shares of SOFI opened at $17.32 on Thursday. SoFi Technologies, Inc. has a twelve month low of $14.92 and a twelve month high of $32.73. The company has a market capitalization of $22.21 billion, a P/E ratio of 39.36 and a beta of 2.14. The firm has a 50 day moving average of $17.00 and a 200 day moving average of $20.17. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data 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 return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of SoFi Technologies

Several large investors have recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies in the fourth quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of SoFi Technologies by 655.2% during the 4th 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 shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of SoFi Technologies during the 4th quarter valued at about $28,000. Finally, Reflection Asset Management bought a new position in shares of SoFi Technologies in the 4th quarter worth approximately $28,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies News Roundup

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

• Positive Sentiment: SoFi acquired Composer and launched an AI-powered investing platform, a potentially important product expansion that may deepen customer engagement and support future growth. Yahoo Finance: Why SoFi (SOFI) Stock Is Trading Up Today
• Positive Sentiment: Wall Street commentary and retail sentiment turned more constructive after coverage highlighted SoFi’s AI investing ambitions and broader “everything app” strategy. Yahoo Finance: How Investors May Respond To SoFi Technologies (SOFI) Launching Its AI-Powered Composer Investing Platform
• Positive Sentiment: Jim Cramer reiterated that he continues to think SoFi is a buy, which may have helped sentiment around the stock. Yahoo Finance: Jim Cramer on SoFi
• Neutral Sentiment: Some analysis warns SoFi still trades at a premium valuation, which raises the bar for execution and earnings momentum. Yahoo Finance: SoFi’s Valuation Premium Suggests Growth Confidence But Also Risk
• Negative Sentiment: Recent insider selling by an executive could create some caution, even though the sale was reported as part of a pre-arranged trading plan or tax withholding. Insider Trades: Insider Selling: SoFi Technologies (NASDAQ:SOFI) EVP Sells 10,954 Shares of Stock

Wall Street Analysts Forecast Growth

Several research firms recently commented on SOFI. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a research report on Thursday, April 30th. TD Cowen decreased their target price 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. Mizuho set a $29.00 target price on shares of SoFi Technologies in a research note on Wednesday, May 6th. Truist Financial dropped their price target on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, May 12th. Finally, Needham & Company LLC reduced their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, SoFi Technologies presently has an average 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.