Key Points
- EVP Kelli Keough sold 9,468 SoFi shares on Jan 20 at an average price of $25.75 for about $243,801, leaving her with 303,480 shares (a 3.03% reduction).
- Keough has made multiple recent sales—identical 9,468-share sales on Dec 23 and a 10,340-share sale on Nov 20—indicating ongoing insider selling activity.
- SoFi beat quarterly estimates (EPS $0.11 vs. $0.09; revenue $949.6M, up 37.7%) but analysts hold a consensus "Hold" with an average price target of $25.50 while the stock trades near $26.
SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Kelli Keough sold 9,468 shares of the company's stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $25.75, for a total value of $243,801.00. Following the sale, the executive vice president owned 303,480 shares in the company, valued at approximately $7,814,610. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kelli Keough also recently made the following trade(s):
- On Tuesday, December 23rd, Kelli Keough sold 9,468 shares of SoFi Technologies stock. The stock was sold at an average price of $27.14, for a total transaction of $256,961.52.
- On Thursday, November 20th, Kelli Keough sold 10,340 shares of SoFi Technologies stock. The shares were sold at an average price of $26.43, for a total transaction of $273,286.20.
SoFi Technologies Trading Up 1.8%
SoFi Technologies stock opened at $26.09 on Friday. The stock has a market cap of $31.46 billion, a P/E ratio of 48.32, a PEG ratio of 1.61 and a beta of 1.92. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73. The firm's fifty day moving average price is $27.13 and its 200-day moving average price is $26.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.SoFi Technologies's revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on SOFI shares. Jefferies Financial Group reiterated a "buy" rating and issued a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. Barclays lifted their price target on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 6th. BTIG Research reaffirmed a "neutral" rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Finally, Mizuho set a $38.00 price objective on shares of SoFi Technologies in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.50.
Check Out Our Latest Report on SoFi Technologies
Hedge Funds Weigh In On SoFi Technologies
Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in SoFi Technologies by 12.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company's stock worth $88,864,000 after buying an additional 540,610 shares during the last quarter. Sullivan Wood Capital Management LLC purchased a new position in shares of SoFi Technologies during the second quarter valued at approximately $2,799,000. Blair William & Co. IL lifted its position in SoFi Technologies by 443.9% during the second quarter. Blair William & Co. IL now owns 335,698 shares of the company's stock valued at $6,113,000 after purchasing an additional 273,972 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in SoFi Technologies in the 2nd quarter worth approximately $209,000. Finally, Quantbot Technologies LP purchased a new stake in SoFi Technologies during the 2nd quarter valued at $25,699,000. 38.43% of the stock is currently owned by institutional investors.
About SoFi Technologies
(
Get Free Report)
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.
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