Bessemer Group Inc. Makes New $385,000 Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Bessemer Group Inc. purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the company's stock, valued at approximately $385,000.

Other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies in the 4th quarter worth about $27,000. Hollencrest Capital Management purchased a new position in shares of SoFi Technologies during the 4th quarter valued at about $31,000. FNY Investment Advisers LLC increased its stake in SoFi Technologies by 727.1% in the 4th 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 period. IAG Wealth Partners LLC bought a new position in SoFi Technologies during the 4th quarter valued at approximately $38,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of SoFi Technologies by 33.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock valued at $1,308,075 in the last 90 days. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Performance

NASDAQ:SOFI traded up $0.32 during trading hours on Friday, hitting $10.98. 46,704,309 shares of the company traded hands, compared to its average volume of 46,196,413. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $12.60 and a 200 day moving average of $13.48. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.24 and a beta of 1.86.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company posted $0.04 earnings per share. On average, analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.