Highland Capital Management LLC Sells 56,802 Shares of SoFi Technologies, Inc. $SOFI

Highland Capital Management LLC lowered its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 79.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,949 shares of the company’s stock after selling 56,802 shares during the period. Highland Capital Management LLC’s holdings in SoFi Technologies were worth $391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SoFi Technologies during the 4th quarter valued at about $29,000. Quaker Wealth Management LLC raised its position in SoFi Technologies by 2,745.2% in the 4th 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. Finally, Strategic Investment Solutions Inc. IL lifted its stake in SoFi Technologies by 693.5% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company’s stock worth $32,000 after purchasing an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Up 1.7%

SOFI opened at $16.30 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 37.05 and a beta of 2.12. SoFi Technologies, Inc. has a 12 month low of $12.56 and a 12 month high of $32.73. The stock has a fifty day moving average price of $17.49 and a 200-day moving average price of $23.16.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SOFI. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Stephens decreased their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Mizuho set a $29.00 price objective on shares of SoFi Technologies in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.72.

Insider Transactions at SoFi Technologies

In other news, CEO Anthony Noto acquired 28,900 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $17.32 per share, with a total value of $500,548.00. Following the transaction, the chief executive officer directly owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the sale, the director directly owned 588,849 shares of the company’s stock, valued at $11,959,523.19. The trade was a 13.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 218,422 shares of company stock worth $4,105,468. 2.60% of the stock is owned by corporate insiders.

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.