BI Asset Management Fondsmaeglerselskab A S Sells 284,144 Shares of SoFi Technologies, Inc. $SOFI

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 91.1% during the first quarter, HoldingsChannel.com reports. The fund owned 27,842 shares of the company’s stock after selling 284,144 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in SoFi Technologies were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $321,515,000. State Street Corp boosted its holdings in SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Marshall Wace LLP boosted its holdings in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after purchasing an additional 5,244,291 shares during the last quarter. Vanguard Group Inc. grew its position in SoFi Technologies by 3.6% in 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 period. Finally, Morgan Stanley grew its position in SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after purchasing an additional 3,350,258 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total transaction of $190,051.90. Following the transaction, the executive vice president directly owned 378,682 shares in the company, valued at approximately $6,570,132.70. The trade was a 2.81% decrease in their ownership of the stock. The transaction 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. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 134,044 shares of company stock worth $2,370,056 in the last three months. Corporate insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $17.30 on Friday. SoFi Technologies, Inc. has a 12-month low of $14.92 and a 12-month high of $32.73. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 39.32 and a beta of 2.14. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $16.99 and a 200 day moving average of $20.10.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Argus started coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They set a “hold” rating for the company. Needham & Company LLC dropped their price target on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. Stephens reduced their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $22.56.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi’s acquisition of Composer expands its AI investing tools and could improve user engagement and retention if the platform gains traction. Yahoo Finance: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: SoFi remains a heavily watched stock among Zacks users, suggesting continued investor interest and trading momentum. Zacks: SoFi is attracting investor attention
• Neutral Sentiment: Analyst sentiment remains mixed overall, with the stock carrying a consensus “Hold” rating and valuation still seen as rich relative to execution risk.
• Negative Sentiment: An executive vice president sold shares under a pre-arranged trading plan, which may create some caution even though the sale was not unusual. InsiderTrades: Insider selling by SoFi EVP
• Negative Sentiment: Short-interest data showed no meaningful bearish positioning change, so there is little evidence of a new short-squeeze setup to drive the stock higher.

SoFi Technologies 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.