SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) CTO Jeremy Rishel sold 56,273 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $6.41, for a total transaction of $360,709.93. Following the completion of the sale, the chief technology officer now directly owns 453,464 shares of the company’s stock, valued at approximately $2,906,704.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
SoFi Technologies Trading Up 3.5 %
Shares of SOFI opened at $6.54 on Tuesday. The firm has a 50-day moving average price of $6.99 and a 200 day moving average price of $7.75. SoFi Technologies, Inc. has a 12-month low of $6.20 and a 12-month high of $11.70. The company has a current ratio of 0.93, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $6.91 billion, a P/E ratio of -21.10, a P/E/G ratio of 1.46 and a beta of 1.72.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Monday, April 29th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. SoFi Technologies had a negative net margin of 8.21% and a positive return on equity of 1.10%. The company had revenue of $580.60 million for the quarter, compared to analysts’ expectations of $555.27 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. SoFi Technologies’s revenue for the quarter was up 26.2% compared to the same quarter last year. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.08 EPS for the current year.
Analyst Ratings Changes
View Our Latest Stock Analysis on SOFI
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC acquired a new position in SoFi Technologies in the first quarter valued at about $316,000. Soltis Investment Advisors LLC lifted its position in shares of SoFi Technologies by 16.5% during the first quarter. Soltis Investment Advisors LLC now owns 40,428 shares of the company’s stock worth $295,000 after purchasing an additional 5,713 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of SoFi Technologies by 311.9% during the first quarter. Cetera Advisors LLC now owns 478,212 shares of the company’s stock worth $3,491,000 after purchasing an additional 362,114 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of SoFi Technologies by 905.2% during the first quarter. Cetera Investment Advisers now owns 779,982 shares of the company’s stock worth $5,694,000 after purchasing an additional 702,385 shares in the last quarter. Finally, Burney Co. acquired a new stake in shares of SoFi Technologies during the first quarter worth about $1,324,000. Institutional investors and hedge funds own 38.43% of the company’s stock.
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.
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