SoFi Technologies, Inc. $SOFI Shares Sold by Elevatus Welath Management

Elevatus Welath Management lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 38.6% during the third quarter, Holdings Channel reports. The institutional investor owned 302,351 shares of the company’s stock after selling 190,247 shares during the quarter. SoFi Technologies makes up approximately 2.3% of Elevatus Welath Management’s investment portfolio, making the stock its 15th largest position. Elevatus Welath Management’s holdings in SoFi Technologies were worth $7,988,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares during the period. Caxton Associates LLP bought a new stake in SoFi Technologies in the first quarter worth about $129,000. Empowered Funds LLC lifted its holdings in SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after acquiring an additional 1,631 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SoFi Technologies by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 74,223 shares of the company’s stock valued at $1,352,000 after purchasing an additional 4,505 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of SoFi Technologies during the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Needham & Company LLC dropped their target price on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. UBS Group set a $24.50 target price on shares of SoFi Technologies in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 3rd. Barclays upped their price target on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Truist Financial cut their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average price target of $26.34.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the sale, the executive vice president directly owned 293,725 shares of the company’s stock, valued at $5,542,590.75. The trade was a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Schuppenhauer bought 5,000 shares of SoFi Technologies stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the acquisition, the executive vice president directly owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This represents a 2.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 214,753 shares of company stock worth $5,045,087. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $18.51 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. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company has a market cap of $23.61 billion, a PE ratio of 48.71 and a beta of 2.20. The stock’s 50-day moving average price is $22.47 and its two-hundred day moving average price is $25.76.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.