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

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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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