SoFi Technologies, Inc. $SOFI Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 36.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,040,103 shares of the company’s stock after selling 606,314 shares during the period. Rockefeller Capital Management L.P.’s holdings in SoFi Technologies were worth $18,940,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares in the last quarter. CWM LLC increased its stake in shares of SoFi Technologies by 2.0% during the first quarter. CWM LLC now owns 82,399 shares of the company’s stock worth $958,000 after purchasing an additional 1,613 shares in the last quarter. Larson Financial Group LLC raised its position in shares of SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock worth $32,000 after purchasing an additional 1,519 shares during the last quarter. Victory Capital Management Inc. lifted its stake in SoFi Technologies by 34.0% in the 1st quarter. Victory Capital Management Inc. now owns 352,482 shares of the company’s stock valued at $4,099,000 after buying an additional 89,503 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in SoFi Technologies by 247.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 59,756 shares of the company’s stock worth $695,000 after buying an additional 42,575 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $26.24 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The company has a market capitalization of $31.64 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.93. The firm’s 50-day moving average is $28.14 and its two-hundred day moving average is $22.10. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $949.63 million for the quarter, compared to analysts’ expectations of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the sale, the chief technology officer directly owned 759,553 shares in the company, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the transaction, the executive vice president directly owned 275,374 shares in the company, valued at $7,801,345.42. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 118,805 shares of company stock valued at $3,279,080 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SOFI. Redburn Atlantic raised SoFi Technologies to a “hold” rating in a report on Friday, August 1st. Barclays raised their price objective on SoFi Technologies from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Citigroup upped their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 28th. Finally, The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.06.

SoFi Technologies 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.