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    Home » Sofi technologies’ EVP Kelli Keough sells shares worth $138,948 By Investing.com
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    Sofi technologies’ EVP Kelli Keough sells shares worth $138,948 By Investing.com

    userBy userDecember 24, 2024No Comments2 Mins Read
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    Kelli Keough, Executive Vice President at SoFi Technologies, Inc. (NASDAQ:), recently sold 8,914 shares of the company’s common stock. The shares were sold at an average price of $15.5877, with the transaction amounting to a total of $138,948. Following this sale, Keough retains ownership of 187,725 shares in the company. The transaction comes as SoFi’s stock has shown remarkable strength, with InvestingPro data showing a 139% price return over the past six months and a market capitalization of nearly $17 billion.

    The transaction was executed under a pre-established Rule 10b5-1 trading plan, which Keough adopted on May 21, 2024. The shares were sold in multiple trades, with prices ranging from $15.2000 to $15.7665 per share. Currently trading near its 52-week high of $17.19, InvestingPro analysis reveals the stock appears overvalued based on its Fair Value calculations. Investors seeking deeper insights into insider trading patterns and comprehensive valuation metrics can access the detailed Pro Research Report, available exclusively on InvestingPro.

    In other recent news, SoFi Technologies, Inc. has seen significant developments. The company’s CEO, Anthony Noto, entered a prepaid variable forward contract related to 2 million shares of SoFi’s common stock, receiving an upfront cash payment of $22.4 million. This contract represents about 10% of the shares Noto beneficially owns. Meanwhile, SoFi reported robust growth in its Q3 2024 earnings call, with adjusted net revenue reaching $689 million, a 30% increase from the previous year.

    In analyst news, BofA Securities downgraded SoFi from Neutral to Underperform due to concerns about the company’s valuation. However, Mizuho (NYSE:) Securities maintained a positive stance on SoFi, raising its price target on the company’s stock to $16.00.

    In terms of shareholder activity, Silver Lake Technology Associates IV, L.P. and related entities sold approximately 31.2 million shares of SoFi, resulting in a reduction of Silver Lake’s ownership stake in the company. These are among the latest developments in SoFi’s recent business activities.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





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