Insider Selling: SoFi Technologies (NASDAQ:SOFI) EVP Sells $203,148.00 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 11,286 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the transaction, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 20th, Kelli Keough sold 10,954 shares of SoFi Technologies stock. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26.
• On Monday, June 22nd, Kelli Keough sold 10,954 shares of SoFi Technologies stock. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90.

SoFi Technologies Stock Down 3.5%

Shares of NASDAQ SOFI traded down $0.67 during mid-day trading on Monday, reaching $18.24. The company had a trading volume of 33,323,057 shares, compared to its average volume of 68,594,656. The firm has a 50 day simple moving average of $17.73 and a two-hundred day simple moving average of $17.61. SoFi Technologies, Inc. has a 52-week low of $14.88 and a 52-week high of $32.73. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The stock has a market cap of $23.56 billion, a P/E ratio of 38.00 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $0.08 earnings per share. SoFi Technologies’s quarterly revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

SOFI has been the subject of a number of research analyst reports. UBS Group decreased their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Citigroup decreased their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Piper Sandler initiated coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They set an “overweight” rating and a $22.00 target price on the stock. Stephens cut their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.42.

Institutional Trading of SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. grew its position in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares during the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the 4th quarter valued at $28,000. American Capital Advisory LLC increased its stake in SoFi Technologies by 456.7% in the 4th quarter. American Capital Advisory LLC now owns 1,297 shares of the company’s stock valued at $34,000 after buying an additional 1,064 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in SoFi Technologies by 232.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock valued at $34,000 after buying an additional 1,467 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

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.