SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Oak Thistle LLC

Oak Thistle LLC decreased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 27.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,725 shares of the company’s stock after selling 9,962 shares during the quarter. Oak Thistle LLC’s holdings in SoFi Technologies were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of SoFi Technologies in the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies in the 3rd quarter valued at $28,000. FNY Investment Advisers LLC increased its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in SoFi Technologies during the 3rd quarter worth about $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in SoFi Technologies during the third quarter valued at about $47,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SOFI shares. William Blair initiated coverage on shares of SoFi Technologies in a research report on Wednesday. They issued an “outperform” rating on the stock. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Barclays upped their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Mizuho raised their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $11.71.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Eric Schuppenhauer purchased 30,600 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the completion of the acquisition, the executive vice president now directly owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the sale, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,009,264 shares of company stock worth $416,889,795 over the last three months. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 5.1 %

Shares of NASDAQ SOFI opened at $16.30 on Friday. The business has a 50 day simple moving average of $15.16 and a 200 day simple moving average of $10.52. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $17.19. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 163.02, a PEG ratio of 0.96 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, research analysts predict that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.