Harvest Portfolios Group Inc. Has $44.51 Million Stake in SoFi Technologies, Inc. $SOFI

Harvest Portfolios Group Inc. grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 4,332.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,700,297 shares of the company’s stock after buying an additional 1,661,933 shares during the period. Harvest Portfolios Group Inc.’s holdings in SoFi Technologies were worth $44,514,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. State Street Corp raised its holdings in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after acquiring an additional 5,708,053 shares in the last quarter. Cantor Fitzgerald L. P. raised its holdings in SoFi Technologies by 2,574.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 2,325,000 shares of the company’s stock valued at $61,426,000 after acquiring an additional 2,238,068 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in SoFi Technologies by 178.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,070,434 shares of the company’s stock valued at $37,708,000 after acquiring an additional 1,326,735 shares in the last quarter. Finally, Swiss National Bank raised its holdings in SoFi Technologies by 60.1% in the 3rd quarter. Swiss National Bank now owns 3,186,300 shares of the company’s stock valued at $84,182,000 after acquiring an additional 1,196,000 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

More SoFi Technologies News

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

• Positive Sentiment: SoFi’s CEO reportedly bought 70,000 shares with personal funds, a sign of insider confidence that can support investor sentiment. The SoFi CEO Just Bought 70,000 Shares With His Own Money. Here Are Four More Under $30 Worth a Closer Look
• Positive Sentiment: SoFi’s Galileo unit was highlighted in research showing brands are increasingly adding in-app financial tools, reinforcing the company’s relevance in embedded finance. Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
• Positive Sentiment: Several bullish articles argued SoFi remains a compelling long-term fintech growth story and that recent weakness may have overshot fundamentals. SOFI Stock Prediction: The Fintech Disruptor Could Soar This High by 2030
• Neutral Sentiment: SoFi is attracting heavy investor attention, but the Zacks note did not include a clear new catalyst by itself. SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: SoFi presented at J.P. Morgan’s technology conference, which may help management address recent concerns, but the transcript itself is mainly informational. SoFi Technologies, Inc. (SOFI) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Investors are scrutinizing SoFi’s steady guidance, shifting revenue mix, and a reported loss of a technology-platform customer, which may be pressuring the stock. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts
• Negative Sentiment: A short-seller report has also raised accounting questions, adding another layer of uncertainty for SoFi shares. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts
• Negative Sentiment: Analyst sentiment remains cautious overall, with consensus currently at “Hold,” which can limit enthusiasm for the stock. SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Consensus Recommendation of “Hold” from Analysts

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the sale, the chief technology officer owned 839,640 shares of the company’s stock, valued at $14,634,925.20. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony Noto acquired 15,545 shares of SoFi Technologies stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the transaction, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 124,197 shares of company stock valued at $2,191,758. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Trading Down 3.1%

Shares of SOFI stock opened at $15.23 on Wednesday. The stock’s fifty day moving average price is $16.95 and its two-hundred day moving average price is $22.33. The company has a market cap of $19.54 billion, a PE ratio of 34.61 and a beta of 2.12. SoFi Technologies, Inc. has a fifty-two week low of $12.74 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75.

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

Analyst Ratings Changes

Several brokerages have weighed in on SOFI. Keefe, Bruyette & Woods dropped their price objective on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. TD Cowen dropped their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, UBS Group reduced their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Seven research 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. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $22.56.

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.