Insider Selling: SoFi Technologies (NASDAQ:SOFI) CTO Sells $325,920.00 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. This represents a 2.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $16.58 on Friday. The company has a market cap of $21.41 billion, a P/E ratio of 34.54, a P/E/G ratio of 1.39 and a beta of 2.20. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73. The business has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $17.29.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

SOFI has been the topic of several research analyst reports. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Mizuho dropped their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Scotiabank started coverage on shares of SoFi Technologies in a research note on Wednesday, September 2nd. They set a “sector outperform” rating and a $25.00 price target on the stock. Needham & Company LLC cut their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company decreased their price target on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in SoFi Technologies during the 2nd quarter worth $1,298,925,000. Alberta Investment Management Corp acquired a new stake in SoFi Technologies in the 4th quarter valued at $13,299,000. Allstate Corp raised its position in SoFi Technologies by 117.3% in the fourth quarter. Allstate Corp now owns 89,452 shares of the company’s stock valued at $2,342,000 after purchasing an additional 48,283 shares during the period. Bank of America Corp DE purchased a new position in SoFi Technologies in the second quarter valued at about $163,808,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of SoFi Technologies by 11.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 375,700 shares of the company’s stock worth $9,836,000 after purchasing an additional 40,000 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: SoFi’s broader “everything app” strategy continues to attract bullish attention. The company has expanded beyond lending into banking, credit cards, investing and financial technology infrastructure, while operating metrics cited in recent commentary suggest customer and product growth remains healthy. SoFi Built a Bank, a Card Program, and a Stablecoin
• Positive Sentiment: Recent bullish articles argue that the selloff has created a potential buying opportunity before earnings. SoFi’s latest quarterly results showed 42.5% year-over-year revenue growth, $1.21 billion in revenue and adjusted earnings above expectations, supporting the case for continued operating momentum. Should You Buy SoFi Stock Before October 27?
• Positive Sentiment: SoFi’s partnership with Mastercard to settle card transactions using its dollar-backed SoFiUSD stablecoin could eventually support fee revenue, cross-border payments and remittances. However, the financial impact has not yet been quantified.
• Neutral Sentiment: Investor sentiment remains mixed. The consensus rating is Hold, with a reported average price target of $22.52 versus shares near $16.58, while analysts differ significantly on the company’s valuation and execution prospects.
• Neutral Sentiment: Reports on short interest are contradictory: one article describes elevated short interest, while another lists zero shares short. The inconsistency limits the usefulness of short-interest data as a near-term trading signal.
• Negative Sentiment: SoFi has participated in a broader selloff in consumer-lending stocks, suggesting concerns about credit risk, borrowing demand and sector valuation rather than company-specific news alone. Consumer Lending Stocks Slide
• Negative Sentiment: Chief Technology Officer Jeremy Rishel and EVP Kelli Keough sold shares worth approximately $326,000 and $173,000, respectively. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing—but not eliminating—their negative signaling value. Kelli Keough Insider Sale

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.