Clarity Capital Partners LLC Sells 31,764 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Clarity Capital Partners LLC lowered its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 410,280 shares of the company’s stock after selling 31,764 shares during the quarter. SoFi Technologies accounts for about 3.3% of Clarity Capital Partners LLC’s portfolio, making the stock its 9th biggest holding. Clarity Capital Partners LLC’s holdings in SoFi Technologies were worth $6,318,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies in the 3rd quarter valued at $28,000. FNY Investment Advisers LLC grew its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after acquiring an additional 1,905 shares during the period. Waldron Private Wealth LLC acquired a new stake in SoFi Technologies in the 3rd quarter valued at $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in SoFi Technologies in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SOFI. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Bank of America reaffirmed an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. The Goldman Sachs Group lifted their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Citigroup lifted their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Mizuho lifted their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four 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 company. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus target price of $12.50.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the transaction, the chief technology officer now directly owns 586,494 shares of the company’s stock, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last 90 days. 2.60% of the stock is owned by company insiders.

SoFi Technologies Trading Down 0.4 %

Shares of SOFI stock opened at $14.77 on Thursday. The company’s 50-day moving average price is $15.70 and its 200-day moving average price is $11.80. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 2.04 and a beta of 1.77. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.27 earnings per share for the current year.

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.