33,295 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 33,295 shares of the company's stock, valued at approximately $513,000.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. lifted its position in shares of SoFi Technologies by 1.0% in the third quarter. Victory Capital Management Inc. now owns 128,661 shares of the company's stock valued at $1,011,000 after acquiring an additional 1,319 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in SoFi Technologies by 30.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 24,498 shares of the company's stock worth $193,000 after purchasing an additional 5,650 shares in the last quarter. Empowered Funds LLC boosted its stake in SoFi Technologies by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 41,277 shares of the company's stock worth $324,000 after purchasing an additional 1,951 shares during the period. Pathstone Holdings LLC grew its holdings in SoFi Technologies by 13.2% during the 3rd quarter. Pathstone Holdings LLC now owns 192,057 shares of the company's stock valued at $1,510,000 after buying an additional 22,426 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SoFi Technologies by 1.4% during 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 buying an additional 87,097 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

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Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the transaction, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. This represents a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,905 shares of company stock worth $1,308,075. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

SOFI has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Needham & Company LLC raised their price objective on 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. UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Trading Down 1.2 %

SoFi Technologies stock traded down $0.17 during midday trading on Tuesday, reaching $13.56. The stock had a trading volume of 24,369,740 shares, compared to its average volume of 44,572,179. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a fifty day moving average of $14.66 and a 200 day moving average of $13.10. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

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

SoFi Technologies 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.