Claro Advisors LLC Has $63,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Claro Advisors LLC cut its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 56.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,967 shares of the company’s stock after selling 10,279 shares during the period. Claro Advisors LLC’s holdings in SoFi Technologies were worth $63,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SOFI. Banque Cantonale Vaudoise lifted its position in shares of SoFi Technologies by 16.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 14,500 shares of the company’s stock worth $107,000 after purchasing an additional 2,000 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of SoFi Technologies in the 1st quarter worth approximately $37,000. Wealthcare Advisory Partners LLC lifted its position in shares of SoFi Technologies by 53.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 26,666 shares of the company’s stock worth $195,000 after purchasing an additional 9,283 shares during the period. Calton & Associates Inc. lifted its position in shares of SoFi Technologies by 16.3% in the 1st quarter. Calton & Associates Inc. now owns 27,350 shares of the company’s stock worth $200,000 after purchasing an additional 3,830 shares during the period. Finally, KRS Capital Management LLC acquired a new position in shares of SoFi Technologies in the 1st quarter worth approximately $83,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,081 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $8.12, for a total transaction of $552,817.72. Following the completion of the sale, the chief technology officer now owns 521,505 shares in the company, valued at approximately $4,234,620.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, 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 sale, the executive vice president now owns 161,511 shares in the company, valued at $1,290,472.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $552,817.72. Following the completion of the sale, the chief technology officer now owns 521,505 shares of the company’s stock, valued at approximately $4,234,620.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,328 shares of company stock worth $808,246. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $10.40 on Tuesday. The firm has a market capitalization of $11.00 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70. The firm has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $7.35. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $10.54.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $598.60 million during the quarter, compared to analyst estimates of $565.19 million. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. SoFi Technologies’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SOFI shares. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of SoFi Technologies in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods dropped their price target on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays lowered their price objective on shares of SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.25.

About SoFi Technologies

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.