430,000 Shares in SoFi Technologies, Inc. $SOFI Purchased by Longitude Cayman Ltd.

Longitude Cayman Ltd. purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, Holdings Channel reports. The firm purchased 430,000 shares of the company’s stock, valued at approximately $11,257,000. SoFi Technologies comprises about 4.9% of Longitude Cayman Ltd.’s holdings, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOFI. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies during the fourth quarter worth about $25,000. Blue Trust Inc. boosted its position in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after acquiring an additional 878 shares during the last quarter. Vermillion Wealth Management Inc. boosted its position in SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in SoFi Technologies during the fourth quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in SoFi Technologies during the fourth quarter worth about $29,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi reportedly became the first U.S. bank to launch its own stablecoin, a move that could strengthen its position in digital assets, deepen customer engagement, and create new revenue opportunities over time. Article: SoFi just became the first US bank to launch its own stablecoin. Here’s why it matters.
• Positive Sentiment: SoFi’s use of artificial intelligence could improve efficiency, lower operating costs, and support product innovation, which investors may view as a long-term growth catalyst. Article: Here’s How SoFi Is Using Artificial Intelligence (AI) and Why It Matters. Hint: It Could Be a Game-Changer.
• Neutral Sentiment: SoFi’s CEO said personal loans can help consumers move away from high-interest credit card debt, reinforcing the company’s lending pitch but not changing the near-term fundamentals on its own. Article: SoFi CEO Anthony Noto Says Personal Loans Can Help Americans Escape Credit Card Debt ‘Crisis’
• Negative Sentiment: Analysts and commentators highlighted that SoFi has fallen sharply over the last six months amid higher rates, profitability worries, and a premium valuation, which may be keeping pressure on the stock. Article: SoFi Stock Slides 42% in 6 Months: Buying Opportunity or Red Flag?
• Negative Sentiment: Recent market coverage also noted SoFi’s shares fell more than the broader market in the latest session, reflecting ongoing investor caution. Article: SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know

Wall Street Analyst Weigh In

SOFI has been the topic of a number of analyst reports. Stephens reduced their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. TD Cowen reduced their target price on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wells Fargo & Company reduced their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Finally, Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.56.

Insider Activity

In other news, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the sale, the chief technology officer directly owned 839,640 shares of the company’s stock, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the sale, the executive vice president directly owned 323,247 shares in the company, valued at $5,020,025.91. This trade represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 124,479 shares of company stock valued at $2,163,556. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $16.67 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The firm’s 50-day moving average is $16.79 and its two-hundred day moving average is $20.90. SoFi Technologies, Inc. has a 12 month low of $13.97 and a 12 month high of $32.73. The company has a market capitalization of $21.38 billion, a PE ratio of 37.89 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Analysts predict that SoFi Technologies, Inc. will post 0.58 earnings per share for the current year.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.