On May 23, 2024, Anthony Noto, CEO of SoFi Technologies Inc (SOFI, Financial), 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.
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 company's past performance and expected future business outcomes.
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