Floyd Financial Group LLC Buys New Shares in SoFi Technologies, Inc. $SOFI

Floyd Financial Group LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 38,982 shares of the company’s stock, valued at approximately $1,021,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares during the period. State Street Corp grew its stake in shares of SoFi Technologies by 6.7% in the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after buying an additional 1,637,430 shares during the period. Geode Capital Management LLC increased its position in SoFi Technologies by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after buying an additional 1,951,248 shares in the last quarter. Morgan Stanley increased its position in SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after buying an additional 3,350,258 shares in the last quarter. Finally, Norges Bank acquired a new position in SoFi Technologies during the 4th quarter worth approximately $321,515,000. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction 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 transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony Noto bought 15,545 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $16.00 per share, with a total value of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 121,902 shares of company stock worth $2,159,155. 2.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SOFI. Mizuho set a $29.00 price target on SoFi Technologies in a report on Wednesday, May 6th. Barclays lowered their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies News Summary

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

• Positive Sentiment: CEO Anthony Noto bought another 13,888 shares, extending his 2026 buying streak and reinforcing confidence in SoFi’s outlook. SoFi CEO Won’t Stop Buying His Own Stock
• Positive Sentiment: SoFi helped give retail investors access to the SpaceX IPO, highlighting growth in its investing platform and its push to attract more users. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Positive Sentiment: Recent commentary noted SoFi’s strong revenue growth, profitability, and improving customer cross-buy trends, which support the longer-term investment case. SoFi’s Productivity Loop Strengthens Customer Relationships
• Neutral Sentiment: SoFi’s CTO sold shares, but the transaction was part of a pre-arranged 10b5-1 plan and tied to tax withholding, which makes it a less concerning insider-sale signal. SEC filing for Jeremy Rishel transaction
• Neutral Sentiment: Some coverage suggests the stock may be trying to bottom after a sharp selloff, but sentiment remains cautious and the shares are still well below prior highs. SoFi stock shows bottoming signs after suffering a $17 billion wipeout
• Negative Sentiment: SoFi underperformed the broader market in the latest session, showing that investors are still treating the name cautiously despite recent positive company-specific news. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Longer-term sentiment remains weak after the stock’s sharp valuation reset, which continues to weigh on investor confidence. How SoFi Went From Fintech Darling To Wall Street Pariah

SoFi Technologies Price Performance

SOFI stock opened at $17.91 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The business has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $20.51. The company has a market capitalization of $22.97 billion, a P/E ratio of 40.71 and a beta of 2.14. SoFi Technologies, Inc. has a 52-week low of $14.64 and a 52-week high of $32.73.

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