SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,535 shares of the company’s stock after selling 5,269 shares during the period. EntryPoint Capital LLC’s holdings in SoFi Technologies were worth $578,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Cannon Global Investment Management LLC acquired a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $539,000. Vanguard Group Inc. raised its stake in shares of SoFi Technologies by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock worth $1,514,390,000 after buying an additional 8,898,879 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of SoFi Technologies in the 4th quarter worth about $3,157,000. AXQ Capital LP acquired a new stake in SoFi Technologies in the 4th quarter valued at about $457,000. Finally, Intellus Advisors LLC purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at about $1,944,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Activity

In other news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the sale, the executive vice president now directly owns 169,626 shares of the company’s stock, valued at approximately $2,617,329.18. The trade was a 5.14 % 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. Also, CTO Jeremy Rishel sold 68,625 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the transaction, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock worth $1,308,075 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SOFI shares. JPMorgan Chase & Co. upped their target price on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, December 19th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Citigroup raised their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Trading Up 6.6 %

NASDAQ SOFI opened at $13.72 on Tuesday. 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, Inc. has a one year low of $6.01 and a one year high of $18.42. The company’s 50 day moving average price is $14.66 and its 200 day moving average price is $13.10. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the company earned $0.04 earnings per share. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

SoFi Technologies Company 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.