Insider Selling: SoFi Technologies (NASDAQ:SOFI) CTO Sells 94,958 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SoFi Technologies Trading Down 1.1%

Shares of SOFI stock traded down $0.19 during trading hours on Wednesday, reaching $17.18. 80,040,966 shares of the stock were exchanged, compared to its average volume of 73,926,480. The firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of 45.71 and a beta of 2.20. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The company’s 50-day moving average price is $21.68 and its 200-day moving average price is $25.54. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Insider confidence — CEO Anthony Noto bought 28,900 shares (~$500k), signaling management confidence and providing a visible support narrative for investors. SEC Form 4
• Positive Sentiment: SoFi pushed back aggressively — the company called the Muddy Waters report “factually inaccurate and misleading” and said it will explore legal action, which may blunt some selling if regulators or courts dismiss the allegations. SoFi rebuts short report
• Positive Sentiment: Third‑party recognition — SoFi Invest ranked #1 in JD Power’s 2026 U.S. Investor Satisfaction study for DIY investors, supporting the company’s consumer franchise and fee‑revenue outlook. JD Power ranking
• Neutral Sentiment: Heavy trading and volatility — shares traded at elevated volume with big intraday swings; fundamentals (revenue growth, recent profitability) remain intact but the stock sits below longer-term moving averages, increasing short‑term technical uncertainty. Key facts / trading note
• Negative Sentiment: Short-seller allegations — Muddy Waters’ report accused SoFi of aggressive accounting/“financial engineering,” which directly triggered selling and raises the risk of prolonged reputational and regulatory scrutiny. Muddy Waters short report
• Negative Sentiment: Sector/market pressure — earlier reports of lending restrictions by big banks and strains in the private‑credit market amplified selling pressure across fintech credit names, adding an external headwind to SoFi’s shares. Private credit headwinds

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds have recently made changes to their positions in SOFI. Brighton Jones LLC raised its holdings in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of SoFi Technologies in the 1st quarter valued at about $129,000. Empowered Funds LLC grew its position in shares of SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of SoFi Technologies by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 74,223 shares of the company’s stock worth $1,352,000 after buying an additional 4,505 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in SoFi Technologies by 203.2% in the second quarter. PNC Financial Services Group Inc. now owns 84,880 shares of the company’s stock worth $1,546,000 after purchasing an additional 56,887 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on SOFI shares. The Goldman Sachs Group cut their price target on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 3rd. Needham & Company LLC dropped their target price on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, February 9th. Finally, Truist Financial lowered their price target on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.34.

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.