SoFi Technologies, Inc. $SOFI Stock Position Lessened by Kercheville Advisors LLC

Kercheville Advisors LLC decreased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 94.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,290 shares of the company’s stock after selling 197,675 shares during the quarter. Kercheville Advisors LLC’s holdings in SoFi Technologies were worth $195,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SOFI. Lake Street Private Wealth LLC lifted its holdings in SoFi Technologies by 4.9% in the fourth quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock worth $219,000 after purchasing an additional 390 shares during the period. Capital Advisors Wealth Management LLC increased its stake in SoFi Technologies by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after buying an additional 401 shares during the period. First Horizon Corp increased its stake in SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after buying an additional 405 shares during the period. Cigna Investments Inc. New raised its position in shares of SoFi Technologies by 3.8% during the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after buying an additional 416 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of SoFi Technologies by 50.5% during the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after buying an additional 427 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction on 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 owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 acquired 15,545 shares of SoFi Technologies stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 134,044 shares of company stock worth $2,370,056. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SOFI. Barclays decreased their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Argus initiated coverage on SoFi Technologies in a research report on Wednesday, April 15th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods decreased their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Finally, Needham & Company LLC lowered their price target on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $17.29 on Wednesday. The company has a 50-day moving average of $17.00 and a 200-day moving average of $20.26. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 39.30 and a beta of 2.14. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. SoFi Technologies, Inc. has a twelve month low of $14.92 and a twelve month high of $32.73.

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

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi launched Composer by SoFi, an AI-powered investing platform designed to help customers create, test, and automate trading strategies, reinforcing its push to become an all-in-one digital financial services app. Reuters: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: SoFi’s acquisition of Composer expands its AI investing capabilities and could broaden product usage and retention if the new tools gain traction with retail investors. Yahoo Finance: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: Wall Street attention turned more favorable after Jim Cramer said he still believes SOFI is a buy, adding to bullish retail sentiment around the stock. Yahoo Finance: Jim Cramer on SoFi
• Neutral Sentiment: Some commentary remains cautious, noting SoFi still trades at a premium valuation and faces interest-rate and execution risks as it tries to grow new businesses like business banking and crypto. Seeking Alpha: SoFi market still misunderstanding its flywheel
• Negative Sentiment: Recent insider selling by the general counsel may be viewed cautiously, even though the filing said the sale was for tax withholding tied to equity awards. Insider Monkey: Jim Cramer on SoFi

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.