SoFi Technologies, Inc. $SOFI Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 82.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 286,663 shares of the company’s stock after selling 1,339,121 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SoFi Technologies were worth $5,140,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies during the fourth quarter worth $25,000. Vermillion Wealth Management Inc. grew its position in shares of SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares during the period. Reflection Asset Management purchased a new stake in shares of SoFi Technologies during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC increased its stake in shares of SoFi Technologies by 232.1% during the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of SoFi Technologies during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of research reports. Mizuho decreased their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Needham & Company LLC decreased their target price on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Piper Sandler began coverage on SoFi Technologies in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Scotiabank initiated coverage on SoFi Technologies in a research report on Wednesday. They set a “sector outperform” rating and a $25.00 price target for the company. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.55.

SoFi Technologies Price Performance

SOFI stock opened at $18.51 on Friday. SoFi Technologies, Inc. has a 1 year low of $14.88 and a 1 year high of $32.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The firm has a market capitalization of $23.91 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.47 and a beta of 2.20. The business has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $17.47.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 136,505 shares of company stock valued at $2,418,096. 2.50% of the stock is owned by company insiders.

Key SoFi Technologies News

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

• Positive Sentiment: Crypto partnership expands SoFi’s banking and payments reach. SoFi will connect its banking infrastructure and SoFi Exchange Network to Payward, the parent company of Kraken. The agreement is expected to support faster money movement, digital-asset liquidity and banking services, while Kraken plans to list SoFiUSD, SoFi’s stablecoin, on its trading platform. The deal could create additional transaction, payments and crypto-related revenue opportunities. SoFi Connects Its Banking System to Kraken’s Network in Payward Deal
• Positive Sentiment: Scotiabank began coverage with a bullish rating. The bank initiated SoFi at “Sector Outperform” and assigned a $25 price target, implying roughly 35% upside from the referenced $18.51 level. The new coverage provides a positive institutional view and a potential catalyst for the shares. Scotiabank initiates coverage of SoFi Technologies with sector outperform recommendation
• Positive Sentiment: Bullish investors point to continued operating momentum. Recent commentary highlights record growth, member expansion, cross-selling and rising products per member. One projection anticipates substantial long-term revenue and earnings growth, while another argues that the stock’s decline in 2026 has not reflected the company’s improving fundamentals. SoFi Technologies: Shares Are Flat So I’m Accumulating More
• Neutral Sentiment: Valuation and price targets remain dependent on execution. Forecasts for 2027 and beyond suggest meaningful upside if SoFi sustains fast growth and converts it into higher earnings, but those targets are projections rather than new company guidance. Price Prediction: SoFi’s Price Target For 2027 May Surprise Investors
• Negative Sentiment: Higher Treasury yields continue to pressure rate-sensitive fintech lenders. Rising benchmark yields can increase funding costs and weigh on demand and valuations for SoFi’s lending business. What’s Happening With SoFi Stock?
• Negative Sentiment: Retail investors are considering alternatives. Some Stocktwits users identified Robinhood as a more attractive fintech opportunity, highlighting competitive pressure for investor attention and growth expectations. SOFI’s Decline Has Retail Looking Elsewhere

SoFi Technologies 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.