Sun Financial Inc bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,187 shares of the company’s stock, valued at approximately $974,000.
A number of other large investors have also recently added to or reduced their stakes in SOFI. Vanguard Group Inc. boosted its position in SoFi Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after purchasing an additional 6,814,727 shares during the period. State Street Corp boosted its position in SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in SoFi Technologies by 87.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock worth $168,079,000 after purchasing an additional 2,961,849 shares during the period. Cantor Fitzgerald L. P. boosted its position in SoFi Technologies by 2,574.5% during the third quarter. Cantor Fitzgerald L. P. now owns 2,325,000 shares of the company’s stock worth $61,426,000 after purchasing an additional 2,238,068 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of SoFi Technologies by 178.4% in the second quarter. Ameriprise Financial Inc. now owns 2,070,434 shares of the company’s stock valued at $37,708,000 after acquiring an additional 1,326,735 shares during the period. Institutional investors own 38.43% of the company’s stock.
SoFi Technologies Price Performance
NASDAQ:SOFI opened at $16.43 on Monday. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 37.34 and a beta of 2.12. SoFi Technologies, Inc. has a twelve month low of $12.43 and a twelve month high of $32.73. The stock’s 50 day moving average price is $17.59 and its two-hundred day moving average price is $23.32. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.
Insider Buying and Selling at SoFi Technologies
In related news, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer directly owned 839,640 shares in the company, valued at $14,634,925.20. This represents a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $20.31, for a total value of $1,913,709.75. Following the sale, the director owned 588,849 shares of the company’s stock, valued at approximately $11,959,523.19. This represents a 13.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 38,900 shares of company stock worth $705,398 and sold 218,422 shares worth $4,105,468. Corporate insiders own 2.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SOFI. Truist Financial reduced their price objective on SoFi Technologies from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Stephens reduced their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday. Citizens Jmp raised SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, February 9th. Barclays reduced their price objective on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, TD Cowen reduced their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus price target of $23.61.
Get Our Latest Stock Report on SOFI
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Record Q1 operating beat — SoFi reported ~41% YoY revenue growth, $340M EBITDA and 14.7M members with improving NIMs and deposit growth; bulls say the pullback hides durable growth and cross?sell momentum. Article Title
- Positive Sentiment: High-profile support: Jim Cramer and other commentators called the market’s sell-off an overreaction to conservative guidance, which could encourage value buyers. Article Title
- Positive Sentiment: Research/upside from brokers — Needham reiterated a Buy and set a $25 PT (lower from $33) supporting a bullish case for patient investors. Article Title
- Neutral Sentiment: New product push — SoFi launched “Big Business Banking” to integrate fiat and crypto for enterprise clients; strategically positive longer-term but unlikely to move near?term estimates. Article Title
- Neutral Sentiment: Management commentary — CEO told Jim Cramer they held guidance because they don’t expect rate cuts this year; explains conservative outlook but signals steadiness. Article Title
- Neutral Sentiment: Options and investor flows — Unusually large call buying was reported after earnings, showing speculative/hedged bullish interest even amid the sell?off.
- Negative Sentiment: Chime exit hit Technology Platform revenue — The transition of a large client in-house drove a ~27% YoY decline in Technology Platform revenue, raising near?term top?line pressure for that segment. Article Title
- Negative Sentiment: Unchanged FY guidance sparked the sell-off — Despite record Q1, management kept 2026 guidance flat citing rates/visibility, which disappointed investors who expected upside. Article Title
- Negative Sentiment: Legal/short?report overhang — A securities?fraud investigation notice and earlier short?seller allegations keep headline risk elevated and may weigh on sentiment until resolved. Article Title
- Negative Sentiment: Analyst downgrades/target trims — TD Cowen cut its PT to $18 and moved to Hold, reflecting the debate over “sell-on-beat” dynamics and limited near-term upside. Article Title
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.
Further Reading
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