Advertisement
Singapore markets closed

  • Straits Times Index

    3,297.55
    -26.98 (-0.81%)
     

  • Nikkei

    38,814.56
    +94.06 (+0.24%)
     

  • Hang Seng

    17,941.78
    -170.82 (-0.94%)
     

  • FTSE 100

    8,146.86
    -16.81 (-0.21%)
     

  • Bitcoin USD

    66,470.88
    +446.65 (+0.68%)
     

  • CMC Crypto 200

    1,382.35
    -35.52 (-2.51%)
     

  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     

  • Dow

    38,589.16
    -57.94 (-0.15%)
     

  • Nasdaq

    17,688.88
    +21.28 (+0.12%)
     

  • Gold

    2,348.40
    -0.70 (-0.03%)
     

  • Crude Oil

    78.49
    +0.04 (+0.05%)
     

  • 10-Yr Bond

    4.2130
    -0.0250 (-0.59%)
     

  • FTSE Bursa Malaysia

    1,607.32
    -2.85 (-0.18%)
     

  • Jakarta Composite Index

    6,734.83
    -96.73 (-1.42%)
     

  • PSE Index

    6,383.70
    -7.13 (-0.11%)
     

SoFi Technologies Inc (SOFI) CEO Anthony Noto Acquires 28,900 Shares

GuruFocus Research
·1-min read

On May 23, 2024, Anthony Noto, CEO of SoFi Technologies Inc (NASDAQ:SOFI), purchased 28,900 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 8,062,269 shares of SoFi Technologies Inc.

SoFi Technologies Inc operates as a personal finance company, specializing in student loan refinancing, mortgages, personal loans, credit card, investing, and banking.

Over the past year, Anthony Noto has purchased a total of 124,175 shares and has not sold any shares. This recent acquisition is part of a broader trend observed over the past year, where there have been 5 insider buys and 9 insider sells within the company.

ADVERTISEMENT

Shares of SoFi Technologies Inc were priced at $6.92 on the day of the transaction, giving the company a market cap of approximately $7.22 billion. According to the GF Value, the intrinsic value of the stock is estimated at $8.10, indicating that the stock is 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 companys past performance and expected future business outcomes.

SoFi Technologies Inc (SOFI) CEO Anthony Noto Acquires 28,900 Shares
SoFi Technologies Inc (SOFI) CEO Anthony Noto Acquires 28,900 Shares
SoFi Technologies Inc (SOFI) CEO Anthony Noto Acquires 28,900 Shares
SoFi Technologies Inc (SOFI) CEO Anthony Noto Acquires 28,900 Shares

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.

This article first appeared on GuruFocus.