SoFi Technologies, Inc. $SOFI Shares Sold by GatePass Capital LLC

GatePass Capital LLC decreased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 18.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,045 shares of the company’s stock after selling 22,476 shares during the quarter. SoFi Technologies accounts for approximately 1.5% of GatePass Capital LLC’s holdings, making the stock its 14th largest position. GatePass Capital LLC’s holdings in SoFi Technologies were worth $2,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC bought a new position in SoFi Technologies in the 3rd quarter valued at about $29,000. SJS Investment Consulting Inc. boosted its holdings in shares of SoFi Technologies by 840.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of SoFi Technologies by 230.6% in the third quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock valued at $38,000 after acquiring an additional 1,003 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in SoFi Technologies by 46.9% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock worth $39,000 after purchasing an additional 469 shares in the last quarter. Finally, Bfsg LLC raised its holdings in SoFi Technologies by 200.0% during the third quarter. Bfsg LLC now owns 1,500 shares of the company’s stock worth $40,000 after purchasing an additional 1,000 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Insider Activity

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the sale, the insider directly owned 138,396 shares in the company, valued at approximately $3,426,684.96. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the transaction, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of SOFI opened at $26.13 on Friday. The company has a 50-day moving average of $27.51 and a two-hundred day moving average of $25.94. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 1.63 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73.

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

Analyst Upgrades and Downgrades

SOFI has been the topic of several research analyst reports. Morgan Stanley lifted their price target on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Needham & Company LLC boosted their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Citigroup raised their price objective on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Truist Financial lowered their price objective on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, November 25th. Finally, Bank of America initiated coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They set an “underperform” rating and a $20.50 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $25.50.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.