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 business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SoFi Technologies Stock Down 3.6%

SOFI stock traded down $0.61 on Wednesday, hitting $16.55. 56,326,264 shares of the company’s stock were exchanged, compared to its average volume of 41,092,228. The firm has a 50 day moving average price of $17.63 and a two-hundred day moving average price of $17.31. SoFi Technologies, Inc. has a 12-month low of $14.88 and a 12-month high of $32.73. The stock has a market cap of $21.38 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 1.41 and a beta of 2.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the prior 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, equities research analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi Bank has begun settling its entire debit- and credit-card program on Mastercard’s network using SoFiUSD, its dollar-backed stablecoin. The program covers more than $25 billion in annualized card volume and makes SoFi the first nationally chartered U.S. bank reported to use a bank-issued stablecoin for live card settlement. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
• Positive Sentiment: The Mastercard integration could create a growth engine for fee-based revenue by making blockchain settlement part of routine payments. SoFi and Mastercard are also exploring additional uses, including cross-border payments and remittances. The development helped drive an earlier rally in SOFI as investors viewed it as a way to expand beyond lending. SoFi Brings SoFiUSD to Mastercard
• Neutral Sentiment: The launch is strategically significant, but the articles do not identify a material revenue contribution yet. Investors still need evidence that SoFiUSD adoption, transaction volumes and related services can generate meaningful earnings rather than simply reduce settlement friction.
• Negative Sentiment: Consumer-lending stocks, including SoFi, faced sector-wide selling as the broader financial group remained roughly flat. The move suggests profit-taking and concern about lending exposure, despite reports that SoFi’s delinquencies and charge-offs have improved while originations reached records. Consumer Lending Stocks Slide
• Negative Sentiment: Commentary also notes that cryptocurrency has yet to achieve broad consumer and merchant adoption at scale. That skepticism limits how much investors may immediately value SoFi’s stablecoin initiative and is weighing on the stock’s reaction to the announcement.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in SoFi Technologies by 21.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company’s stock worth $75,000 after buying an additional 503 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in shares of SoFi Technologies by 2.2% during the second quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock valued at $508,000 after acquiring an additional 615 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of SoFi Technologies by 2.3% during the first quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock valued at $464,000 after acquiring an additional 653 shares during the last quarter. CX Institutional lifted its position in shares of SoFi Technologies by 36.2% in the second quarter. CX Institutional now owns 2,477 shares of the company’s stock valued at $44,000 after acquiring an additional 658 shares in the last quarter. Finally, MCF Advisors LLC increased its position in shares of SoFi Technologies by 27.7% during the fourth quarter. MCF Advisors LLC now owns 3,126 shares of the company’s stock worth $82,000 after purchasing an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SOFI shares. Truist Financial raised their target price on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company reduced their price objective on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Loop Capital started coverage on SoFi Technologies in a report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price for the company. Finally, Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.52.

About SoFi Technologies

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.