SoFi Technologies (NASDAQ:SOFI) Trading Down 8.9% After Insider Selling

SoFi Technologies, Inc. (NASDAQ:SOFI) shares traded down 8.9% during trading on Wednesday following insider selling activity. The stock traded as low as $14.88 and last traded at $15.25. 191,639,833 shares traded hands during mid-day trading, an increase of 171% from the average daily volume of 70,663,680 shares. The stock had previously closed at $16.74.

Specifically, EVP Kelli Keough sold 10,954 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the sale, the executive vice president owned 367,728 shares of the company’s stock, valued at $6,321,244.32. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SOFI. UBS Group cut their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Citigroup lowered their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Monday, May 4th. Truist Financial lifted their price target on SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Barclays cut their price target 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. Finally, Needham & Company LLC decreased their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.83.

SoFi Technologies News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations. SoFi reported second-quarter revenue of $1.21 billion, up 42.5% year over year and above the $1.11 billion consensus estimate. Adjusted EPS of $0.12 also topped expectations of $0.11, compared with $0.08 a year earlier. SoFi quarterly earnings report
• Positive Sentiment: Growth metrics remained strong. Membership increased 35% to 15.8 million, while total loan originations reached a record $14.8 billion. Existing members generated 51% of new products, supporting SoFi’s strategy of cross-selling banking, lending and investment services. SoFi record revenue and membership growth
• Positive Sentiment: Revenue outlook was raised. SoFi now expects 2026 revenue of approximately $4.8 billion to $4.9 billion, above the roughly $4.7 billion analyst consensus. Management also highlighted artificial intelligence investments intended to improve engineering productivity and customer service over the long term. Reuters SoFi forecast update
• Neutral Sentiment: Options activity signals heightened speculation. Traders purchased 439,067 call options, about 14% above average call volume. The activity may indicate bullish interest, but it also underscores elevated volatility around the earnings report.
• Negative Sentiment: Profit guidance was left unchanged. Despite the revenue increase, SoFi maintained full-year 2026 EPS guidance at $0.60, only modestly above the $0.59 consensus. Investors may view the lack of an earnings upgrade as evidence that incremental growth could require continued spending or face margin pressure.
• Negative Sentiment: Investors remain concerned about execution and rates. Uncertainty over U.S. interest rates, lending economics, credit performance and the cost of supporting rapid expansion is weighing on sentiment. SoFi’s elevated valuation makes the stock particularly sensitive when strong revenue growth does not translate into higher profit expectations. MarketWatch analysis of SoFi stock reaction

SoFi Technologies Stock Down 8.9%

The firm’s 50-day simple moving average is $17.27 and its 200 day simple moving average is $18.61. 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 stock has a market capitalization of $19.56 billion, a P/E ratio of 34.66 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.SoFi Technologies’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

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

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.