On May 3, 2024, Anthony Noto, CEO of SoFi Technologies Inc (NASDAQ:SOFI), purchased 28,775 shares of the company, as reported in a recent SEC Filing. This transaction has increased the insider’s total purchases over the past year to 203,275 shares, with no recorded sales.
SoFi Technologies Inc operates as a personal finance company, specializing in student loan refinancing, mortgages, personal loans, credit card, investing, and banking services.
The transaction occurred with shares priced at $6.9, valuing the purchase at approximately $198,747.5. Following this transaction, the market cap of SoFi Technologies Inc stands at $7.353 billion.
Over the past year, SoFi Technologies Inc has seen a total of 5 insider buys and 10 insider sells. The insider transaction history suggests a mixed activity of buys and sells within the company.
According to the GF Value, the intrinsic value of SoFi Technologies Inc is estimated at $8.09 per share, making the stock modestly undervalued with a price-to-GF-Value ratio of 0.85.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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