222,829 SoFi Technologies, Inc. $SOFI Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 89.3% during the third quarter, Holdings Channel reports. The institutional investor owned 26,653 shares of the company’s stock after selling 222,829 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in SoFi Technologies were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in SoFi Technologies in the 2nd quarter worth approximately $1,298,925,000. Bank of America Corp DE acquired a new position in SoFi Technologies during the second quarter worth $163,808,000. Dimensional Fund Advisors LP lifted its stake in SoFi Technologies by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock valued at $144,539,000 after buying an additional 359,785 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SoFi Technologies in the second quarter worth approximately $93,937,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in SoFi Technologies by 2.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock worth $90,348,000 after purchasing an additional 156,218 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Stock Down 1.7%

Shares of NASDAQ:SOFI traded down $0.25 during trading hours on Monday, reaching $14.30. The stock had a trading volume of 39,596,904 shares, compared to its average volume of 63,966,660. SoFi Technologies, Inc. has a 1 year low of $13.86 and a 1 year high of $32.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 0.84 and a beta of 2.33. The firm’s 50 day moving average is $17.09 and its 200-day moving average is $17.12.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. SoFi Technologies’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Research analysts predict that SoFi Technologies, Inc. will post 0.60 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction on Monday, September 21st. The stock was sold at an average price of $16.99, for a total transaction of $173,348.97. Following the completion of the transaction, the executive vice president owned 408,073 shares of the company’s stock, valued at $6,933,160.27. The trade was a 2.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. The trade was a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 40,113 shares of company stock valued at $702,417. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated an “underperform” rating on shares of SoFi Technologies in a research report on Monday, October 12th. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Stonex Financia raised shares of SoFi Technologies to a “strong-buy” rating in a research report on Monday, October 12th. Benchmark raised SoFi Technologies to a “strong-buy” rating in a research note on Monday, October 12th. Finally, Truist Financial lifted their target price on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.20.

SoFi Technologies Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.