In yesterday’s Wall Street session, SoFi Technologies Inc (NASDAQ:SOFI) shares traded at $6.43, down -2.72% from the previous session.
SOFI stock price is now -7.58% away from the 50-day moving average and -16.26% away from the 200-day moving average. The market capitalization of the company currently stands at $6.80B.
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, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Rishel Jeremy, Chief Technology Officer sold 56,273 shares of the company’s stock on Jun 20 ’24. The stock was sold for $360,710 at an average price of $6.41. Upon completion of the transaction, the Chief Technology Officer now directly owns 453,464 shares in the company, valued at $2.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, Chief Executive Officer Noto Anthony bought 30,715 shares of the business’s stock. A total of $199,110 was incurred on buying the stock at an average price of $6.48. This leaves the insider owning 8,121,844 shares of the company worth $52.22 million. A total of 4.91% of the company’s stock is owned by insiders.
During the past 12 months, SoFi Technologies Inc has had a low of $6.20 and a high of $11.70. The fifty day moving average price for SOFI is $6.9437 and a two-hundred day moving average price translates $7.66675 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-03-31. The net profit margin was -6.81% and return on equity was -3.05% for SOFI. The company reported revenue of $665.91 million for the quarter, compared to $371.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 79.22 percent.
