SoFi Technologies Target of Unusually Large Options Trading (NASDAQ:SOFI)

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) saw some unusual options trading on Monday. Stock traders acquired 405,010 call options on the stock. This represents an increase of approximately 40% compared to the typical daily volume of 288,418 call options.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the sale, the executive vice president now owns 226,210 shares in the company, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,172 shares of company stock worth $1,271,115. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently made changes to their positions in SOFI. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after purchasing an additional 8,898,879 shares during the period. Two Sigma Advisers LP bought a new stake in shares of SoFi Technologies during the 4th quarter valued at about $299,980,000. Geode Capital Management LLC raised its stake in SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after acquiring an additional 315,899 shares during the period. Norges Bank acquired a new position in SoFi Technologies in the fourth quarter valued at approximately $103,678,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in SoFi Technologies by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after acquiring an additional 167,780 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SOFI has been the subject of a number of analyst reports. Citigroup upped their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Citizens Jmp started coverage on shares of SoFi Technologies in a report on Friday. They issued an "outperform" rating and a $17.00 price target on the stock. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, SoFi Technologies has a consensus rating of "Hold" and an average price target of $13.10.

SoFi Technologies Trading Up 2.5 %

Shares of NASDAQ:SOFI traded up $0.32 during midday trading on Monday, reaching $13.20. The company's stock had a trading volume of 93,434,749 shares, compared to its average volume of 46,619,056. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. SoFi Technologies has a 1 year low of $6.01 and a 1 year high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $12.20 and a 200 day moving average price of $13.68.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data 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 previous year, the firm posted $0.04 earnings per share. Research analysts forecast that SoFi Technologies will post 0.26 EPS 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.

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