SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 98.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,947 shares of the company’s stock after selling 8,287,366 shares during the period. Marshall Wace LLP’s holdings in SoFi Technologies were worth $1,632,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of SoFi Technologies in the fourth quarter worth approximately $27,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $31,000. FNY Investment Advisers LLC boosted its holdings in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $38,000. Finally, Legacy Investment Solutions LLC boosted its holdings in shares of SoFi Technologies by 116.3% during the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company’s stock worth $48,000 after purchasing an additional 1,744 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $13.20 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $12.14 and a 200 day simple moving average of $13.71. The company has a market cap of $14.47 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 27th. The company reported $0.05 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 company posted $0.04 earnings per share. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 11,181 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the sale, the executive vice president now owns 226,210 shares of the company’s stock, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their position. 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. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on SOFI. Citigroup raised their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.10.

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.