Chief Risk Officer and Global Head of Operations & LatAm Of SoFi Technologies Sold 31% Of Their Shares

Some SoFi Technologies, Inc. (NASDAQ:SOFI) shareholders may be a little concerned to see that the Chief Risk Officer and Global Head of Operations & LatAm, Aaron Webster, recently sold a substantial US$1.7m worth of stock at a price of US$8.08 per share. That's a big disposal, and it decreased their holding size by 31%, which is notable but not too bad.

View our latest analysis for SoFi Technologies

The Last 12 Months Of Insider Transactions At SoFi Technologies

In the last twelve months, the biggest single purchase by an insider was when CEO & Director Anthony Noto bought US$5.0m worth of shares at a price of US$4.58 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$7.42. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Anthony Noto bought 2.11m shares over the last 12 months at an average price of US$4.64. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of SoFi Technologies

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. SoFi Technologies insiders own about US$456m worth of shares (which is 6.4% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At SoFi Technologies Tell Us?

Insiders sold SoFi Technologies shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. And insider ownership remains quite considerable. So the recent selling doesn't worry us. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SoFi Technologies. In terms of investment risks, we've identified 3 warning signs with SoFi Technologies and understanding them should be part of your investment process.

But note: SoFi Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.