Cibc World Market Inc. Makes New Investment in SoFi Technologies, Inc. $SOFI

Cibc World Market Inc. purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 38,674 shares of the company’s stock, valued at approximately $693,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. raised its stake in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the last quarter. Reflection Asset Management acquired a new stake in SoFi Technologies during the 4th quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock valued at $34,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new stake in SoFi Technologies during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Up 1.8%

Shares of SOFI stock opened at $19.18 on Friday. The stock has a 50 day moving average of $17.83 and a 200 day moving average of $17.56. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The stock has a market cap of $24.77 billion, a P/E ratio of 39.96 and a beta of 2.17. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.SoFi Technologies’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. 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. Over the last quarter, insiders sold 136,505 shares of company stock valued at $2,418,096. Company insiders own 2.50% of the company’s stock.

More SoFi Technologies News

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

• Positive Sentiment: SoFi Plus could support recurring growth. Early traction for the company’s paid membership program is encouraging investors, particularly because SoFi can cross-sell lending, investing, banking and other products to members. Higher product adoption and membership revenue could make growth more diversified and predictable. SoFi Technologies’ SoFi Plus: Can Paid Membership Drive Growth?
• Positive Sentiment: Recent earnings and technical momentum remain supportive. SoFi’s latest quarterly results exceeded expectations, with earnings per share of $0.12 versus an $0.11 consensus estimate and revenue of $1.21 billion, up 42.5% year over year. The stock’s recent rebound and move back above key trend lines have also improved investor sentiment. SoFi stock edges higher Thursday: What’s going on?
• Neutral Sentiment: Investors are comparing SoFi’s diversified platform with Sezzle’s more focused fintech model. The comparison highlights SoFi’s broader product offering and scale, but also brings attention to differences in valuation, growth rates and risk. The discussion may increase visibility without establishing a clear near-term catalyst. Sezzle vs. SoFi: Which High-Growth Fintech Stock Is the Better Buy Now?
• Negative Sentiment: Valuation and analyst caution are limiting enthusiasm. One analysis argues that even with strong execution, the stock’s rebound may already reflect much of the good news and recommends reducing exposure to a hold. Separately, analysts’ consensus recommendation is “Hold,” suggesting limited conviction at current valuation levels. SoFi: Everything Went Right, And I’m Still Cutting To Hold SoFi Receives Consensus Recommendation of Hold

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SOFI shares. Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. TD Cowen decreased their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Truist Financial upped their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.42.

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.