SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 20.6% in the third quarter, HoldingsChannel reports. The firm owned 2,209,266 shares of the company’s stock after acquiring an additional 376,899 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in SoFi Technologies were worth $17,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SOFI. Citizens Financial Group Inc. RI raised its position in SoFi Technologies by 41.5% during the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock valued at $1,892,000 after acquiring an additional 70,603 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in SoFi Technologies by 214.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock valued at $30,971,000 after acquiring an additional 2,688,847 shares in the last quarter. Qsemble Capital Management LP purchased a new position in SoFi Technologies during the third quarter valued at approximately $930,000. Mount Lucas Management LP purchased a new position in SoFi Technologies during the third quarter valued at approximately $920,000. Finally, FORA Capital LLC purchased a new position in SoFi Technologies during the third quarter valued at approximately $1,226,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 68,081 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the transaction, the chief technology officer now owns 521,505 shares of the company’s stock, valued at $4,234,620.60. This represents a 11.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelli Keough sold 9,308 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $7.99, for a total value of $74,370.92. Following the completion of the transaction, the executive vice president now directly owns 161,511 shares in the company, valued at approximately $1,290,472.89. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,287 shares of company stock worth $863,250. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on SOFI. Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Mizuho lifted their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Citigroup cut SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average price target of $9.80.

SoFi Technologies Stock Up 1.8 %

Shares of SOFI opened at $16.41 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $16.61. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 164.10, a PEG ratio of 2.73 and a beta of 1.60. The stock has a 50 day moving average price of $11.23 and a 200 day moving average price of $8.52.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $631.59 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

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.