Kelli Keough Sells 11,181 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Kelli Keough sold 11,181 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares of the company’s stock, valued at $2,877,391.20. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 20th, Kelli Keough sold 9,185 shares of SoFi Technologies stock. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55.
• On Tuesday, January 21st, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12.
• On Monday, December 23rd, Kelli Keough sold 8,914 shares of SoFi Technologies stock. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26.

SoFi Technologies Stock Up 1.8 %

Shares of SOFI opened at $12.87 on Friday. The stock has a market capitalization of $14.11 billion, a PE ratio of 34.78, a P/E/G ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company’s 50-day simple moving average is $14.67 and its 200-day simple moving average is $13.01.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the business earned $0.04 EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.50.

Institutional Trading of SoFi Technologies

A number of large investors have recently made changes to their positions in SOFI. Two Sigma Advisers LP purchased a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $299,980,000. Vanguard Group Inc. increased its stake in shares of SoFi Technologies by 9.9% during the fourth 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 period. Norges Bank purchased a new position in SoFi Technologies in the fourth quarter valued at approximately $103,678,000. Voloridge Investment Management LLC purchased a new position in SoFi Technologies in the fourth quarter valued at approximately $75,139,000. Finally, Amundi increased its stake in SoFi Technologies by 58,176.3% in the fourth quarter. Amundi now owns 2,705,185 shares of the company’s stock valued at $39,360,000 after purchasing an additional 2,700,543 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.