Norges Bank Acquires Shares of 12,280,945 SoFi Technologies, Inc. $SOFI

Norges Bank acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,280,945 shares of the company’s stock, valued at approximately $321,515,000.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies during the 4th quarter valued at approximately $25,000. Blue Trust Inc. grew its holdings in SoFi Technologies by 655.2% during the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in SoFi Technologies during the 4th quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SoFi Technologies during the 4th quarter valued at approximately $29,000. Finally, Quaker Wealth Management LLC grew its holdings in SoFi Technologies by 2,745.2% during the 4th quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock valued at $31,000 after buying an additional 1,153 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 94,958 shares of SoFi Technologies 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 approximately $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 10,037 shares of SoFi Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total value of $155,874.61. Following the sale, the executive vice president owned 323,247 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 124,479 shares of company stock worth $2,163,556 over the last three months. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SOFI shares. UBS Group cut their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. TD Cowen lowered their target price on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, February 9th. Finally, Wells Fargo & Company lowered their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus price target of $22.56.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi appointed former Visa executive Kathleen Pierce-Gilmore as president of technology solutions, a move that could strengthen leadership and help expand the company’s fintech platform and partnerships. SoFi Names Visa Vet Kathleen Pierce-Gilmore President
• Positive Sentiment: Multiple market notes say SOFI is drawing heavy investor and retail attention, with articles highlighting a strong recent rally and unusually high trading volume, which can reinforce momentum in the stock. Investors Heavily Search SoFi Technologies, Inc. (SOFI): Here is What You Need to Know
• Positive Sentiment: Commentary around SoFi’s transformation from a student-loan lender into a broader fintech platform is helping support the bull case and keeping the stock in the spotlight. Inside SoFi’s shocking transformation from student loan company to fintech powerhouse
• Neutral Sentiment: SoFi was mentioned as a potential venue for SpaceX IPO access and in broader market wrapups, but these items do not appear to materially change near-term fundamentals. How to Try to Buy SpaceX Stock at the IPO Price
• Neutral Sentiment: One article asked whether SOFI could double this year, but framed that outcome as a stretch, which adds attention more than it changes the investment thesis. Prediction: Will SoFi Stock Double This Year?
• Negative Sentiment: A skeptical stock-prediction piece suggested SoFi’s recent rebound may not be enough to justify another major leg higher, which could temper enthusiasm after the rally. Prediction: Will SoFi Stock Double This Year?

SoFi Technologies Stock Up 2.0%

Shares of SOFI opened at $18.58 on Tuesday. The company has a market cap of $23.83 billion, a PE ratio of 42.23 and a beta of 2.14. The business has a fifty day moving average of $16.72 and a 200 day moving average of $21.50. SoFi Technologies, Inc. has a 52-week low of $13.09 and a 52-week high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

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

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.