B & T Capital Management DBA Alpha Capital Management Sells 64,885 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

B & T Capital Management DBA Alpha Capital Management cut its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,867 shares of the company’s stock after selling 64,885 shares during the period. SoFi Technologies accounts for about 1.2% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 28th biggest position. B & T Capital Management DBA Alpha Capital Management’s holdings in SoFi Technologies were worth $6,759,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of SoFi Technologies in the third quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies in the 3rd quarter valued at about $28,000. FNY Investment Advisers LLC raised its stake in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after acquiring an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of SoFi Technologies in the third quarter worth about $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of SoFi Technologies during the third quarter worth approximately $47,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Trading Up 1.2 %

Shares of NASDAQ SOFI opened at $16.50 on Friday. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $17.19. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 165.02, a P/E/G ratio of 0.96 and a beta of 1.78. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average is $15.32 and its 200-day moving average is $10.63.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America reaffirmed an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC lifted their price objective on SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Mizuho upped their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley lifted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.71.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 represents a 6.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the sale, the chief technology officer now owns 586,494 shares in the company, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,009,264 shares of company stock worth $416,889,795. 2.60% of the stock is owned by corporate insiders.

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.