Cwm LLC Grows Stake in SoFi Technologies, Inc. $SOFI

Cwm LLC increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 87,333 shares of the company’s stock after acquiring an additional 4,934 shares during the period. Cwm LLC’s holdings in SoFi Technologies were worth $1,590,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after buying an additional 1,130,250 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in SoFi Technologies by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company’s stock valued at $75,278,000 after buying an additional 159,109 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in SoFi Technologies by 58.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock valued at $50,467,000 after buying an additional 1,598,721 shares in the last quarter. Nuveen LLC purchased a new position in SoFi Technologies during the 1st quarter valued at approximately $47,616,000. Finally, Bank of New York Mellon Corp grew its holdings in SoFi Technologies by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,261,225 shares of the company’s stock valued at $37,928,000 after buying an additional 37,855 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $26.54 on Monday. The stock has a market cap of $31.78 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 3.15 and a beta of 1.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The stock has a 50 day moving average price of $26.13 and a 200-day moving average price of $19.27. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same period last year, the company earned $0.01 EPS. SoFi Technologies’s quarterly revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Barclays raised their price target on SoFi Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. The Goldman Sachs Group raised their price target on SoFi Technologies from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Truist Financial set a $23.00 target price on SoFi Technologies in a report on Monday, August 4th. Finally, Cowen started coverage on SoFi Technologies in a report on Friday, July 11th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.71.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total value of $279,602.96. Following the sale, the executive vice president directly owned 285,410 shares of the company’s stock, valued at $7,951,522.60. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,347 shares of company stock valued at $3,228,852 over the last three months. 2.60% of the stock is owned by corporate insiders.

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.