35,905 Shares in SoFi Technologies, Inc. $SOFI Acquired by Clare Market Investments LLC

Clare Market Investments LLC purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the first quarter, Holdings Channel reports. The firm purchased 35,905 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $25,000. 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 worth $26,000 after purchasing an additional 739 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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 last quarter. Reflection Asset Management acquired a new position in SoFi Technologies in the fourth quarter valued at about $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in SoFi Technologies in the fourth quarter valued at about $28,000. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony Noto acquired 15,545 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 134,044 shares of company stock valued at $2,370,056. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several research analyst reports. Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Argus assumed coverage on SoFi Technologies in a report on Wednesday, April 15th. They issued a “hold” rating on the stock. Mizuho set a $29.00 price target on SoFi Technologies in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price target 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. Finally, Citigroup reduced their price objective 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. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.56.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $18.40 on Tuesday. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 41.83 and a beta of 2.14. The firm’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $19.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. SoFi Technologies, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The company’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 forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

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.