Quantitative Investment Management LLC Sells 748,710 Shares of SoFi Technologies, Inc. $SOFI

Quantitative Investment Management LLC reduced its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 98.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,511 shares of the company’s stock after selling 748,710 shares during the period. Quantitative Investment Management LLC’s holdings in SoFi Technologies were worth $206,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of SoFi Technologies in the second quarter worth $1,298,925,000. North Dakota State Investment Board acquired a new position in SoFi Technologies during the fourth quarter worth approximately $1,044,000. Brighton Jones LLC raised its stake in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of SoFi Technologies during the 4th quarter worth about $13,299,000. Finally, Trek Financial LLC bought a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $3,865,000. Institutional investors own 38.43% of the company’s stock.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 136,505 shares of company stock valued at $2,418,096. Insiders own 2.50% of the company’s stock.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Scotiabank initiated coverage with a “Sector Outperform” rating and a $25 price target, implying substantial upside from recent levels. The initiation provides a new positive valuation signal and may be supporting the stock. Scotiabank Initiates SoFi Technologies at Sector Outperform
• Positive Sentiment: A bullish investment thesis argues that SoFi’s product flywheel, rising cross-selling, expanding non-lending products and growing fee-based revenue are making the business less dependent on loan origination. Its Loan Platform Business could also support growth without adding as much credit risk to SoFi’s balance sheet. Is SoFi’s Product Flywheel Gaining Enough Traction to Lift SOFI Stock?
• Neutral Sentiment: SoFi’s deposit base is viewed as a potential interest-rate hedge, while management’s strategy to expand fee-based revenue could improve resilience. However, the thesis notes that additional revenue investment has not necessarily translated into higher near-term profit targets. SoFi’s Deposits Aren’t a Moat: They’re a Rate Hedge
• Negative Sentiment: Rising Treasury yields are weighing on balance-sheet lenders such as SoFi because higher funding costs and tighter financial conditions can pressure loan demand, margins and credit-sensitive businesses. SoFi and Affirm recently underperformed brokerage-focused fintech companies. SoFi Drops as Yields Hit Balance-Sheet Lenders
• Negative Sentiment: Retail discussion has become less favorable, with some Stocktwits users preferring Robinhood over SoFi. This reflects competitive concerns and weaker short-term sentiment rather than a change in SoFi’s fundamentals. SOFI’s Decline Has Retail Looking Elsewhere

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SOFI shares. Wells Fargo & Company reduced their target price on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Truist Financial raised their price objective on SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Mizuho lowered their target price on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Morgan Stanley reduced their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, July 30th. Finally, Needham & Company LLC dropped their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $22.55.

SoFi Technologies Price Performance

SOFI stock opened at $17.84 on Thursday. The company has a market capitalization of $23.04 billion, a P/E ratio of 37.17, a PEG ratio of 1.40 and a beta of 2.20. The company has a fifty day moving average price of $17.86 and a 200-day moving average price of $17.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. SoFi Technologies, Inc. has a 52-week low of $14.88 and a 52-week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.SoFi Technologies’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.61 EPS 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.