Atria Wealth Solutions Inc. Lowers Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Atria Wealth Solutions Inc. lowered its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 45.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 299,894 shares of the company's stock after selling 248,541 shares during the period. Atria Wealth Solutions Inc.'s holdings in SoFi Technologies were worth $4,618,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SOFI. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies during the third quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the third quarter worth $28,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after purchasing an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of SoFi Technologies in the third quarter worth $39,000. Finally, SouthState Corp bought a new stake in shares of SoFi Technologies in the third quarter worth $67,000. Institutional investors own 38.43% of the company's stock.

Insider Buying and Selling

In other SoFi Technologies news, EVP Eric Schuppenhauer acquired 30,600 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $16.34 per share, with a total value of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. This represents a 197.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26. Following the completion of the transaction, the executive vice president now directly owns 187,725 shares of the company's stock, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,999,280 shares of company stock valued at $416,810,442. Company insiders own 2.60% of the company's stock.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock traded down $0.89 on Friday, reaching $14.67. 35,553,343 shares of the company traded hands, compared to its average volume of 43,778,941. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The company has a 50 day moving average of $15.73 and a 200 day moving average of $12.13. The firm has a market capitalization of $15.92 billion, a PE ratio of 39.59, a PEG ratio of 2.33 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period in the prior year, the firm posted $0.04 earnings per share. Equities analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SOFI. UBS Group boosted their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a report on Thursday, December 19th. Mizuho boosted their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, SoFi Technologies presently has an average rating of "Hold" and an average price target of $12.50.

About SoFi Technologies

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.