SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) CEO Anthony Noto bought 28,775 shares of SoFi Technologies stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $6.90 per share, for a total transaction of $198,547.50. Following the completion of the transaction, the chief executive officer now directly owns 8,033,369 shares of the company’s stock, valued at approximately $55,430,246.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
SoFi Technologies Trading Down 1.4 %
SOFI opened at $7.06 on Wednesday. The firm’s 50 day moving average is $7.48 and its 200-day moving average is $7.84. SoFi Technologies, Inc. has a 52-week low of $4.45 and a 52-week high of $11.70. The company has a quick ratio of 0.23, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $6.90 billion, a P/E ratio of -23.06 and a beta of 1.75.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported $0.02 earnings per share 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 1.13%. The business had revenue of $580.60 million during the quarter, compared to analyst estimates of $555.27 million. During the same period last year, the business earned ($0.05) EPS. The business’s revenue was up 26.2% on a year-over-year basis. Analysts expect that SoFi Technologies, Inc. will post 0.08 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on SOFI
Institutional Trading of SoFi Technologies
Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in SoFi Technologies in the fourth quarter valued at about $27,000. Westside Investment Management Inc. increased its position in shares of SoFi Technologies by 93.8% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $31,000 after purchasing an additional 1,500 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of SoFi Technologies in the 1st quarter valued at about $27,000. Tortoise Investment Management LLC bought a new position in shares of SoFi Technologies during the fourth quarter worth about $39,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in SoFi Technologies in the fourth quarter worth about $40,000. 38.43% of the stock is 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.
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