SoFi Technologies (NASDAQ:SOFI) Stock Price Down 4.2% After Insider Selling

SoFi Technologies, Inc. (NASDAQ:SOFI) fell 4.2% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $17.58 and last traded at $18.22. 82,506,051 shares changed hands during trading, an increase of 39% from the average session volume of 59,461,734 shares. The stock had previously closed at $19.02.

Specifically, EVP Kelli Keough sold 9,755 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $18.87, for a total value of $184,076.85. Following the completion of the sale, the executive vice president owned 293,725 shares of the company’s stock, valued at $5,542,590.75. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of recent analyst reports. Mizuho set a $38.00 price target on shares of SoFi Technologies in a research report on Thursday, October 30th. Keefe, Bruyette & Woods boosted their target price on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Bank of America assumed coverage on SoFi Technologies in a research report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price for the company. Needham & Company LLC lowered their price target on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Stock Down 4.2%

The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 47.95 and a beta of 2.13. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $24.41 and a 200-day moving average price of $26.17.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results 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. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.SoFi Technologies’s revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. 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 fiscal year.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. acquired a new stake in SoFi Technologies during the 4th quarter valued at $25,000. Vermillion Wealth Management Inc. boosted its position in shares of SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 739 shares during the period. Blue Trust Inc. grew its holdings in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after buying an additional 878 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the fourth quarter valued at $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SoFi Technologies during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.