Empowered Funds LLC Sells 35,128 Shares of SoFi Technologies, Inc. $SOFI

Empowered Funds LLC reduced its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 34.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 65,704 shares of the company’s stock after selling 35,128 shares during the period. Empowered Funds LLC’s holdings in SoFi Technologies were worth $1,043,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. First Horizon Corp increased its stake in SoFi Technologies by 14.9% in the fourth quarter. First Horizon Corp now owns 3,116 shares of the company’s stock worth $82,000 after purchasing an additional 405 shares during the period. Wealthspan Partners LLC boosted its stake in shares of SoFi Technologies by 2.4% during the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after purchasing an additional 450 shares during the period. Trivium Point Advisory LLC grew its holdings in shares of SoFi Technologies by 3.6% in the fourth quarter. Trivium Point Advisory LLC now owns 14,245 shares of the company’s stock worth $373,000 after purchasing an additional 500 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of SoFi Technologies by 21.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company’s stock worth $75,000 after purchasing an additional 503 shares during the last quarter. Finally, Bensler LLC increased its stake in SoFi Technologies by 3.6% in the 4th quarter. Bensler LLC now owns 17,450 shares of the company’s stock worth $457,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto purchased 15,545 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $16.00 per share, with a total value of $248,720.00. Following the transaction, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 10,954 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the transaction, the executive vice president owned 367,728 shares in the company, valued at approximately $6,321,244.32. This represents a 2.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 135,256 shares of company stock valued at $2,370,822. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. UBS Group dropped their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Truist Financial raised their target price on shares of SoFi Technologies from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. TD Cowen decreased their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wells Fargo & Company lowered their price target on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average target price of $22.38.

SoFi Technologies Stock Performance

SOFI stock opened at $18.38 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The business has a 50-day moving average price of $17.46 and a 200 day moving average price of $18.14. The company has a market capitalization of $23.58 billion, a P/E ratio of 38.29 and a beta of 2.17. SoFi Technologies, Inc. has a 1-year low of $14.88 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.