Insider Buying: SoFi Technologies (NASDAQ:SOFI) CEO Acquires $248,720.00 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CEO Anthony Noto purchased 15,545 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Anthony Noto also recently made the following trade(s):

• On Tuesday, March 17th, Anthony Noto purchased 28,900 shares of SoFi Technologies stock. The stock was purchased at an average price of $17.32 per share, for a total transaction of $500,548.00.

SoFi Technologies Stock Down 3.7%

NASDAQ:SOFI opened at $15.31 on Thursday. SoFi Technologies, Inc. has a fifty-two week low of $12.74 and a fifty-two week high of $32.73. The stock has a market capitalization of $19.52 billion, a P/E ratio of 34.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.75. The company’s 50-day simple moving average is $17.21 and its 200-day simple moving average is $22.74.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s revenue was up 42.6% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi announced monthly distributions for its Enhanced Yield ETF (THTA), reinforcing its push into ETFs and income-focused products, which can support diversification and fee-based growth. SoFi Announces Monthly Distributions on $THTA (10.00%)
• Positive Sentiment: CEO Anthony Noto bought 15,545 shares of SoFi stock, a signal that management remains confident in the company’s long-term outlook. SoFi Technologies (NASDAQ:SOFI) CEO Anthony Noto Buys 15,545 Shares
• Positive Sentiment: SoFi’s acquisition of UK fintech PrimaryBid could broaden its capital-markets capabilities and expand its reach with retail investors, potentially opening a new growth avenue. SoFi Buys PrimaryBid As Retail Market Access And Valuation Questions Meet
• Neutral Sentiment: Broader consumer-spending data showed U.S. spending remains strong, which is generally supportive for financial-services and fintech names, including SoFi. U.S. Consumer Spending Tops $21.86T: 5 Fintech Stocks Under $75
• Neutral Sentiment: SoFi’s recent earnings were solid, with revenue growth of 42.6% and EPS matching estimates, but the market appears focused more on forward loan-platform trends than the headline beat.
• Negative Sentiment: Truist cut its price target on SoFi to $17 from $20 and kept a Hold rating, citing slower loan-platform assumptions and softer expectations for the technology segment. Truist Cuts SoFi Price Target to $17: Loan Platform Slowdown Pressures the Bull Case

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of recent analyst reports. Stephens lowered their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Mizuho set a $29.00 target price on shares of SoFi Technologies in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 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 assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.56.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of SoFi Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares in the last quarter. Firsthand Capital Management Inc. increased its holdings in shares of SoFi Technologies by 60.0% during the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock valued at $2,114,000 after purchasing an additional 30,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of SoFi Technologies by 161.6% during the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after purchasing an additional 557,390 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of SoFi Technologies by 212.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock valued at $1,060,000 after purchasing an additional 27,283 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of SoFi Technologies by 15.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 458,703 shares of the company’s stock valued at $12,835,000 after purchasing an additional 60,676 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

About SoFi Technologies

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.