Wealthspan Partners LLC Has $304,000 Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Wealthspan Partners LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,761 shares of the company’s stock after purchasing an additional 2,645 shares during the period. Wealthspan Partners LLC’s holdings in SoFi Technologies were worth $304,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SOFI. Connor Clark & Lunn Investment Management Ltd. raised its position in SoFi Technologies by 214.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock valued at $30,971,000 after acquiring an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of SoFi Technologies during the 3rd quarter valued at $16,014,000. Zacks Investment Management bought a new position in shares of SoFi Technologies during the 3rd quarter valued at $3,766,000. Point72 DIFC Ltd acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $3,219,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in SoFi Technologies by 20.6% in the third quarter. Rockefeller Capital Management L.P. now owns 2,209,266 shares of the company’s stock worth $17,365,000 after purchasing an additional 376,899 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the sale, the chief technology officer now directly owns 586,494 shares in the company, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the completion of the transaction, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last three months. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Down 4.0 %

Shares of NASDAQ SOFI opened at $15.78 on Monday. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The firm’s 50-day moving average is $15.84 and its 200-day moving average is $11.39. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $17.12 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 2.12 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data 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 net margin of 18.64% and a return on equity of 3.82%. During the same period in the previous year, the firm earned $0.04 EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

SOFI has been the subject of a number of analyst reports. Citigroup boosted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Jefferies Financial Group upped their target price on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Barclays upped their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $12.50.

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.