Swiss National Bank Acquires 427,200 Shares of SoFi Technologies, Inc. $SOFI

Swiss National Bank increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,708,500 shares of the company’s stock after acquiring an additional 427,200 shares during the quarter. Swiss National Bank’s holdings in SoFi Technologies were worth $58,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies during the 4th quarter valued at $25,000. Blue Trust Inc. lifted its position in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares during the period. Vermillion Wealth Management Inc. boosted its stake in shares of SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of SoFi Technologies during the 4th quarter valued at about $28,000. Finally, Reflection Asset Management purchased a new position in shares of SoFi Technologies during the fourth quarter valued at about $28,000. Institutional investors own 38.43% of the company’s stock.

Insider Activity

In other news, EVP Kelli Keough sold 10,954 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total value of $190,051.90. Following the sale, the executive vice president directly owned 378,682 shares of the company’s stock, valued at $6,570,132.70. The trade was a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. 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 124,302 shares of company stock worth $2,182,523. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SOFI shares. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group cut their price objective on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Barclays reduced their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Stephens decreased their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $16.00 target price on SoFi Technologies in a research note on Thursday, April 30th. Seven 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.78.

SoFi Technologies Trading Up 3.7%

Shares of NASDAQ SOFI opened at $17.64 on Wednesday. SoFi Technologies, Inc. has a 1 year low of $14.92 and a 1 year high of $32.73. The stock has a market cap of $22.63 billion, a P/E ratio of 40.09 and a beta of 2.14. The firm has a 50-day moving average of $17.15 and a 200 day moving average of $18.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $1.09 billion for 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%. SoFi Technologies’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

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.