Janus Henderson Group PLC Has $1.42 Million Stake in SoFi Technologies, Inc. $SOFI

Janus Henderson Group PLC trimmed its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 69.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 89,200 shares of the company’s stock after selling 200,000 shares during the quarter. Janus Henderson Group PLC’s holdings in SoFi Technologies were worth $1,418,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the fourth quarter worth $25,000. Blue Trust Inc. raised its position in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares during the period. Vermillion Wealth Management Inc. raised its holdings in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 739 shares during the period. Reflection Asset Management bought a new position in SoFi Technologies during the fourth quarter worth about $28,000. Finally, Quaker Wealth Management LLC raised its position in shares of SoFi Technologies by 2,745.2% during the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock worth $31,000 after purchasing an additional 1,153 shares during the period. Institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction on Monday, July 20th. The stock was 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 trade represents a 2.89% decrease in their position. 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. 2.50% of the stock is owned by company insiders.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $18.38 on Monday. The stock has a 50-day moving average price of $17.46 and a two-hundred day moving average price of $18.08. The company has a market cap of $23.58 billion, a price-to-earnings ratio of 38.29 and a beta of 2.17. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on SOFI. Truist Financial boosted their price objective on shares of SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, July 24th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Argus began coverage on SoFi Technologies in a report on Wednesday, April 15th. They set a “hold” rating for the company. Wells Fargo & Company reduced their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Stephens lowered their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $22.38.

SoFi Technologies 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.