Sanctuary Advisors LLC Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Sanctuary Advisors LLC acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 110,602 shares of the company's stock, valued at approximately $731,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 82,826,257 shares of the company's stock worth $604,632,000 after buying an additional 1,366,271 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SoFi Technologies by 263.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company's stock valued at $86,478,000 after purchasing an additional 9,482,683 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of SoFi Technologies by 6.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,457,940 shares of the company's stock valued at $75,737,000 after purchasing an additional 690,638 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in SoFi Technologies by 176.3% in the first quarter. Nikko Asset Management Americas Inc. now owns 10,767,302 shares of the company's stock worth $78,494,000 after purchasing an additional 6,870,610 shares during the period. Finally, Marshall Wace LLP raised its holdings in SoFi Technologies by 130.0% in the second quarter. Marshall Wace LLP now owns 6,357,887 shares of the company's stock worth $42,026,000 after purchasing an additional 3,593,464 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $7.99, for a total transaction of $74,370.92. Following the completion of the sale, the executive vice president now owns 161,511 shares of the company's stock, valued at approximately $1,290,472.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other SoFi Technologies news, EVP Kelli Keough sold 9,308 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $7.99, for a total value of $74,370.92. Following the completion of the transaction, the executive vice president now directly owns 161,511 shares in the company, valued at $1,290,472.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $8.12, for a total transaction of $552,817.72. Following the completion of the sale, the chief technology officer now directly owns 521,505 shares of the company's stock, valued at approximately $4,234,620.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,328 shares of company stock valued at $808,246 in the last 90 days. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

SOFI has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of SoFi Technologies in a report on Wednesday, July 31st. Keefe, Bruyette & Woods cut their price target on SoFi Technologies from $7.50 to $7.00 and set a "market perform" rating on the stock in a research note on Tuesday, July 9th. Finally, Barclays lowered their price objective on SoFi Technologies from $10.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9.08.

SoFi Technologies Stock Performance

SOFI stock traded up $1.03 during trading on Monday, reaching $10.04. The stock had a trading volume of 116,170,448 shares, compared to its average volume of 45,692,926. The stock's 50 day moving average is $7.56 and its two-hundred day moving average is $7.23. The firm has a market cap of $10.61 billion, a PE ratio of -32.29, a PEG ratio of 1.72 and a beta of 1.70. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $10.49. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $598.60 million for the quarter, compared to analysts' expectations of $565.19 million. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.1 earnings per share for the current year.

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.