SoFi Technologies (NASDAQ:SOFI) Shares Down 4.2% After Insider Selling

SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 4.2% during trading on Monday following insider selling activity. The stock traded as low as $17.58 and last traded at $18.22. 82,506,051 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 59,461,734 shares. The stock had previously closed at $19.02.

Specifically, EVP Kelli Keough sold 9,755 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $18.87, for a total value of $184,076.85. Following the completion of the sale, the executive vice president owned 293,725 shares of the company’s stock, valued at $5,542,590.75. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

SOFI has been the subject of several research analyst reports. Mizuho set a $38.00 target price on shares of SoFi Technologies in a research report on Thursday, October 30th. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. Jefferies Financial Group restated a “buy” rating and issued a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. Citigroup upped their target price on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average target price of $26.34.

SoFi Technologies Stock Up 2.4%

The firm has a market capitalization of $22.50 billion, a P/E ratio of 49.11 and a beta of 2.13. The company has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $26.15. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $321,515,000. Vanguard Group Inc. boosted its stake in 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 during the last quarter. Quadrature Capital Ltd bought a new stake in shares of SoFi Technologies in the 2nd quarter worth $115,188,000. State Street Corp raised its stake in shares of SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of SoFi Technologies by 372.9% during the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

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.