Home Insiders Updates An Analysis of SoFi Technologies Inc. (SOFI)’s Potential Price Growth

An Analysis of SoFi Technologies Inc. (SOFI)’s Potential Price Growth

An Analysis of SoFi Technologies Inc. (SOFI)’s Potential Price Growth

In a filing, SoFi Technologies Inc. revealed its 10% Owner SOFTBANK GROUP CORP unloaded Company’s shares for reported $54.6 million on Aug 08. In the deal valued at $8.17 per share,6,683,133 shares were sold. As a result of this transaction, SOFTBANK GROUP CORP now holds 83,216,977 shares worth roughly $ 431.06 million.

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Then, SOFTBANK GROUP CORP sold 5,381,785 shares, generating $43,000,462 in total proceeds. Upon selling the shares at $7.99, the 10% Owner now owns 89,900,110 shares.

Before that, Noto Anthony bought 53,540 shares. SoFi Technologies Inc. shares valued at $298,973 were divested by the Chief Executive Officer at a price of $5.58 per share. As a result of the transaction, Noto Anthony now holds 3,567,041 shares, worth roughly $18.48 million.

BofA Securities upgraded its SoFi Technologies Inc. [SOFI] rating to a Buy from a a Neutral in a research note published on Friday, September 14, 2022; the price target was increased to $9 from $8. PT values the company’s stock at a premium of 42.44 to its Friday closing price. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Piper Sandler also remained covering SOFI and has increased its forecast on May 16, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. MoffettNathanson started covering the stock on April 05, 2022. It rated SOFI as “a Buy”.

Price Performance Review of SOFI

On Friday, SoFi Technologies Inc. [NASDAQ:SOFI] saw its stock fall -3.36% to $5.18. On the same session, the stock had its day’s lowest price of $5.06, but rose to a high of $5.51. Over the last five days, the stock has lost -4.95%. SoFi Technologies Inc. shares have fallen nearly -67.24% since the year began. Nevertheless, the stocks have fallen -77.76% over the past one year. While a 52-week high of $24.65 was reached on 01/20/22, a 52-week low of $4.77 was recorded on 10/11/22. SMA at 50 days reached $5.49, while 200 days put it at $7.43. A total of 53.32 million shares were traded, compared to the trading of 106.8 million shares in the previous session.

Levels Of Support And Resistance For SOFI Stock

The 24-hour chart illustrates a support level at 4.99, which if violated will result in even more drops to 4.80. On the upside, there is a resistance level at 5.44. A further resistance level may holdings at 5.70. The Relative Strength Index (RSI) on the 14-day chart is 46.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.17%. Stochastics %K at 22.66% indicates the stock is a holding.

How much short interest is there in SoFi Technologies Inc.?

A steep rise in short interest was recorded in SoFi Technologies Inc. stocks on Jul 14, 2022, growing by 7.57 million shares to a total of 139.3 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 131.73 million shares. There was a rise of 5.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 18.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.28.

SoFi Technologies Inc. [SOFI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 61,081,271 shares, or roughly 6.62% of the outstanding SOFI shares. In other words, the investor’s shares have risen by 10,799,611 from its previous 13-F filing of 50281660.0. Additionally, BlackRock Fund Advisors increased 122.98% of its stake after which the total value it holdings stand at $139,754,138. Over the last quarter, SSgA Funds Management, Inc. purchased 5,068,034 shares of SoFi Technologies Inc., while Geode Capital Management LLC bought 4,134,113 shares. At present, Goldman Sachs & Co. LLC is holding 7,538,417 shares valued at $36.79 million. GPI Capital LP owned 7,270,941 shares of the company at the time of its most recent 13F filing, worth $35.48 million.


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