62,431 Shares in SoFi Technologies, Inc. $SOFI Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 62,431 shares of the company’s stock, valued at approximately $1,649,000.

Other hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in shares of SoFi Technologies in the 3rd quarter worth about $29,000. SJS Investment Consulting Inc. raised its position in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Blume Capital Management Inc. raised its position in SoFi Technologies by 52.9% in the 3rd quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after purchasing an additional 450 shares during the period. Assetmark Inc. lifted its stake in SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after purchasing an additional 427 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of SoFi Technologies during the third quarter valued at approximately $36,000. Institutional investors own 38.43% of the company’s stock.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Eric Schuppenhauer purchased 5,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $19.93 per share, with a total value of $99,650.00. Following the transaction, the executive vice president owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This trade represents a 2.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 9,755 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the transaction, the executive vice president owned 293,725 shares in the company, valued at approximately $5,542,590.75. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 214,753 shares of company stock worth $5,045,087. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Bank of America assumed coverage on SoFi Technologies in a research report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective on the stock. Barclays lifted their target price on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Tuesday, February 3rd. Finally, Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.34.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $19.10 on Friday. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.73. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 50.26 and a beta of 2.13. The stock has a fifty day simple moving average of $23.99 and a two-hundred day simple moving average of $26.05. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal 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.