Cwm LLC Acquires 4,934 Shares of SoFi Technologies, Inc. $SOFI

Cwm LLC increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,333 shares of the company’s stock after purchasing an additional 4,934 shares during the quarter. Cwm LLC’s holdings in SoFi Technologies were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Sullivan Wood Capital Management LLC bought a new position in shares of SoFi Technologies during the second quarter valued at $2,799,000. Blair William & Co. IL lifted its holdings in shares of SoFi Technologies by 443.9% during the second quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock valued at $6,113,000 after purchasing an additional 273,972 shares in the last quarter. CMG Global Holdings LLC lifted its holdings in shares of SoFi Technologies by 77.8% during the first quarter. CMG Global Holdings LLC now owns 140,389 shares of the company’s stock valued at $1,728,000 after purchasing an additional 61,443 shares in the last quarter. Finally, Nicholas Wealth LLC. bought a new position in SoFi Technologies in the first quarter valued at about $993,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Down 0.2%

NASDAQ SOFI opened at $26.54 on Monday. The stock’s 50-day moving average price is $26.13 and its 200-day moving average price is $19.27. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $30.30. The company has a market capitalization of $31.78 billion, a P/E ratio of 55.29, a price-to-earnings-growth ratio of 3.15 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $801.94 million. During the same quarter last year, the company earned $0.01 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In other news, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction dated 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 sale, the chief technology officer owned 759,553 shares of the company’s stock, valued at $20,887,707.50. This represents a 11.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,347 shares of company stock worth $3,228,852 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SOFI shares. JPMorgan Chase & Co. increased their target price on SoFi Technologies from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Citizens Jmp downgraded SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. 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 report on Wednesday, September 10th. Morgan Stanley increased their target price on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, Citigroup increased their target price on SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $20.71.

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.