30,022 Shares in SoFi Technologies, Inc. $SOFI Acquired by 9823 Capital L.P.

9823 Capital L.P. acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 30,022 shares of the company’s stock, valued at approximately $786,000. SoFi Technologies makes up about 0.5% of 9823 Capital L.P.’s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. Norges Bank bought a new stake in SoFi Technologies during the 4th quarter worth approximately $321,515,000. Vanguard Group Inc. raised 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 worth $2,829,640,000 after acquiring an additional 6,814,727 shares during the period. State Street Corp raised its stake in SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares during the period. Marshall Wace LLP raised its stake in SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after acquiring an additional 5,244,291 shares during the period. Finally, Morgan Stanley raised its stake in SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after acquiring an additional 3,350,258 shares during the period. Institutional investors own 38.43% of the company’s stock.

Insider Activity

In related news, EVP Kelli Keough sold 10,037 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the completion of the sale, the executive vice president directly owned 323,247 shares of the company’s stock, valued at $5,020,025.91. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This trade represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 131,644 shares of company stock valued at $2,324,185. 2.50% of the stock is currently owned by company insiders.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: CEO Anthony Noto bought more shares again, marking his fifth insider purchase this year and reinforcing confidence in SoFi’s long-term prospects. SoFi CEO Buys Shares for the Fifth Time This Year
• Positive Sentiment: SoFi helped open retail access to the high-profile SpaceX IPO, highlighting the company’s push to expand investing features and attract more users to its platform. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Positive Sentiment: Analysts and commentators pointed to SoFi’s strong customer ecosystem, record revenue, and continued GAAP profitability as signs that fundamentals remain solid despite the stock’s pullback. SoFi’s Productivity Loop Strengthens Customer Relationships
• Neutral Sentiment: Articles today largely framed SoFi as a volatile fintech name that has fallen sharply from its highs, with some investors viewing the selloff as a valuation reset rather than a business deterioration. Here’s What’s Behind SoFi’s Big Decline — and What You Should Do About It
• Negative Sentiment: Despite the upbeat operating updates, the stock has continued to trade lower as investors weigh the broader fintech selloff and SoFi’s steep drop from its prior peak. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Some recent coverage also emphasized that SoFi has lost a large amount of market value this year, reflecting lingering skepticism about the stock’s near-term momentum. SoFi stock shows bottoming signs after suffering a $17 billion wipeout

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SOFI shares. Needham & Company LLC reduced their price objective on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price objective on shares of SoFi Technologies in a research report on Thursday, April 30th. Mizuho set a $29.00 price objective on shares of SoFi Technologies in a research report on Wednesday, May 6th. Truist Financial reduced their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Finally, Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies Stock Down 1.6%

NASDAQ SOFI opened at $17.42 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $16.90 and a two-hundred day moving average of $20.59. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of 39.59 and a beta of 2.14. SoFi Technologies, Inc. has a 52 week low of $14.36 and a 52 week high of $32.73.

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