AXQ Capital LP Sells 66,096 Shares of SoFi Technologies, Inc. $SOFI

AXQ Capital LP trimmed its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 54.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,657 shares of the company’s stock after selling 66,096 shares during the quarter. SoFi Technologies makes up 0.6% of AXQ Capital LP’s holdings, making the stock its 19th biggest position. AXQ Capital LP’s holdings in SoFi Technologies were worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Xcel Wealth Management LLC lifted its stake in SoFi Technologies by 0.6% in the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock valued at $1,874,000 after purchasing an additional 392 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in shares of SoFi Technologies by 3.1% in the third quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after buying an additional 419 shares during the period. Assetmark Inc. raised its stake in shares of SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $34,000 after buying an additional 427 shares during the period. Cigna Investments Inc. New grew its stake in shares of SoFi Technologies by 4.2% during the 3rd quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock worth $291,000 after acquiring an additional 446 shares during the period. Finally, Blume Capital Management Inc. grew its stake in shares of SoFi Technologies by 52.9% during the 3rd quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 4.2%

Shares of NASDAQ:SOFI opened at $18.22 on Tuesday. The firm has a market capitalization of $21.97 billion, a PE ratio of 47.95 and a beta of 2.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $32.73. The firm has a fifty day moving average of $24.41 and a 200 day moving average of $26.17.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 3rd. Truist Financial lowered their price target on shares of SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC cut their price objective on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Citigroup boosted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $35.00 target price on shares of SoFi Technologies in a research report on Tuesday, October 28th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average target price of $26.34.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the sale, the chief technology officer directly owned 794,598 shares in the company, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Schuppenhauer acquired 5,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $19.93 per share, with a total value of $99,650.00. Following the purchase, the executive vice president directly owned 228,768 shares in the company, valued at $4,559,346.24. This represents a 2.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 214,753 shares of company stock valued at $5,045,087 over the last 90 days. Company insiders own 2.60% of the company’s stock.

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.