Apollon Wealth Management LLC Has $647,000 Stock Holdings in SoFi Technologies, Inc. $SOFI

Apollon Wealth Management LLC increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 240.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,755 shares of the company’s stock after buying an additional 28,773 shares during the period. Apollon Wealth Management LLC’s holdings in SoFi Technologies were worth $647,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in SoFi Technologies in the 4th quarter valued at about $25,000. Blue Trust Inc. lifted its position in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its position in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $28,000. Finally, Reflection Asset Management bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $28,000. Institutional investors own 38.43% of the company’s stock.

Insider Transactions at SoFi Technologies

In related news, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 134,044 shares of company stock worth $2,370,056 in the last three months. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

SOFI has been the subject of several research analyst reports. Citigroup dropped their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a research report on Thursday, April 30th. Needham & Company LLC lowered their target price on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Keefe, Bruyette & Woods dropped their target price on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average target price of $22.56.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $18.24 on Friday. The company’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $19.77. SoFi Technologies, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $32.73. The firm has a market capitalization of $23.40 billion, a P/E ratio of 41.46 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

SoFi Technologies Company 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.