Broadcom named strategic vendor for Walmart virtualization solutions
Kelli Keough, Executive Vice President at SoFi Technologies, Inc. (NASDAQ:SOFI), recently sold 11,181 shares of the company’s common stock. The shares were sold at a weighted average price of $12.7214, totaling approximately $142,237. The fintech company, currently valued at $14.15 billion, has seen its stock surge nearly 60% over the past six months according to InvestingPro data. The transactions took place on March 20, 2025, under a pre-arranged Rule 10b5-1 trading plan adopted by Keough in May 2024. Following this sale, Keough retains ownership of 226,210 shares in the company. The sale was executed in multiple trades, with prices ranging from $12.4950 to $12.9300 per share. SoFi has demonstrated strong fundamentals with 27.82% revenue growth in the last twelve months. InvestingPro subscribers can access 10+ additional exclusive insights and detailed financial metrics about SOFI’s performance and valuation.
In other recent news, SoFi Technologies reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.05, compared to the forecasted $0.04. The company also exceeded revenue expectations, reporting $734.13 million against the anticipated $669.17 million. This marks SoFi’s first full year of GAAP profitability, with adjusted net revenue reaching $260 million, a 26% increase year-over-year. Meanwhile, BofA Securities maintained its Underperform rating on SoFi shares, citing a reduction in the growth outlook for SoFi’s technology segment, which now projects mid-teens growth due to longer lead times and implementation cycles. BTIG also maintained a Neutral rating on SoFi following the company’s entry into the co-brand card market, noting a partnership with a major global hotel chain. This move is seen as a potential shift in market dynamics, impacting competitors like American Express (NYSE:AXP) and Affirm. These developments highlight SoFi’s strategic initiatives and market positioning, offering investors insights into the company’s growth trajectory and industry challenges.
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