SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 410,280 shares of the company's stock after selling 31,764 shares during the quarter. SoFi Technologies makes up about 3.3% of Clarity Capital Partners LLC's holdings, making the stock its 9th biggest position. Clarity Capital Partners LLC's holdings in SoFi Technologies were worth $6,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SOFI. Hanseatic Management Services Inc. acquired a new position in SoFi Technologies in the 4th quarter valued at $1,116,000. Kercheville Advisors LLC bought a new stake in SoFi Technologies in the fourth quarter valued at about $1,594,000. Charles Schwab Investment Management Inc. increased its stake in SoFi Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock valued at $48,306,000 after acquiring an additional 87,097 shares during the period. Zacks Investment Management bought a new stake in SoFi Technologies in the third quarter valued at about $3,766,000. Finally, Citizens Financial Group Inc. RI boosted its position in SoFi Technologies by 41.5% in the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company's stock valued at $1,892,000 after buying an additional 70,603 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the sale, the chief technology officer now directly owns 586,494 shares of the company's stock, valued at approximately $9,219,685.68. The trade was a 9.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by insiders.

SoFi Technologies Trading Up 6.7 %

NASDAQ:SOFI traded up $1.02 during trading hours on Friday, hitting $16.21. The stock had a trading volume of 63,149,894 shares, compared to its average volume of 43,586,292. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company has a market cap of $17.59 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 2.04 and a beta of 1.77. The business's 50 day moving average is $15.69 and its 200-day moving average is $11.91.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (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 quarter in the prior year, the business earned $0.04 earnings per share. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Bank of America reiterated an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Barclays upped their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Needham & Company LLC upped their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.50.

SoFi Technologies Company 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.