28,200 Shares in SoFi Technologies, Inc. $SOFI Purchased by First National Trust Co

First National Trust Co bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,200 shares of the company’s stock, valued at approximately $514,000.

Other large investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its holdings in shares of SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock worth $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC purchased a new position in shares of SoFi Technologies in the 1st quarter worth about $28,000. SVB Wealth LLC purchased a new position in shares of SoFi Technologies in the 1st quarter worth about $28,000. TD Private Client Wealth LLC grew its stake in shares of SoFi Technologies by 153.9% in the second quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company’s stock valued at $47,000 after buying an additional 1,553 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock valued at $32,000 after buying an additional 1,519 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SOFI. Cowen began coverage on SoFi Technologies in a research note on Friday, July 11th. They issued a “hold” rating for the company. Needham & Company LLC increased their target price on SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a research note on Friday, August 1st. They set a “neutral” rating and a $20.50 price objective for the company. Citigroup raised their price objective on SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group raised their price objective on SoFi Technologies from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.47.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction on Monday, October 20th. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88. Following the sale, the executive vice president owned 275,374 shares of the company’s stock, valued at $7,801,345.42. The trade was a 3.52% 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 98,733 shares of SoFi Technologies stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 129,383 shares of company stock worth $3,513,171. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 5.5%

Shares of NASDAQ SOFI opened at $31.66 on Wednesday. The company has a market cap of $37.91 billion, a price-to-earnings ratio of 65.96, a price-to-earnings-growth ratio of 3.54 and a beta of 1.92. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $31.98. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $20.19.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business’s revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Equities research analysts expect that SoFi Technologies, Inc. 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.