SoFi Technologies, Inc. $SOFI Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 55.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,153,516 shares of the company’s stock after selling 1,429,677 shares during the period. First Trust Advisors LP’s holdings in SoFi Technologies were worth $18,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SOFI. Norges Bank purchased a new position in SoFi Technologies in the 4th quarter valued at about $321,515,000. State Street Corp boosted its holdings in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after buying an additional 5,708,053 shares during the last quarter. Marshall Wace LLP increased its stake in SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after buying an additional 5,244,291 shares in the last quarter. Vanguard Group Inc. increased its stake in SoFi Technologies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after acquiring an additional 3,350,258 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Down 8.9%

SOFI stock opened at $15.25 on Thursday. 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 $17.26 and a two-hundred day moving average of $18.52. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 34.66 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, CEO Anthony Noto acquired 15,545 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is owned by corporate insiders.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Strong second-quarter performance. SoFi reported adjusted earnings of $0.12 per share versus the $0.11 consensus estimate, while revenue rose 42.5% year over year to $1.21 billion, ahead of the $1.11 billion forecast. SoFi Technologies earnings report
• Positive Sentiment: Record operating growth and higher revenue outlook. Membership increased 35% to 15.8 million, and quarterly loan originations reached a record $14.8 billion. SoFi raised its 2026 revenue guidance to $4.8 billion-$4.9 billion, above the roughly $4.7 billion analyst estimate. Existing members generated 51% of new products, supporting the company’s cross-selling strategy. Reuters SoFi revenue forecast
• Positive Sentiment: Long-term investment remains a potential growth driver. Management highlighted artificial intelligence investments intended to improve engineering productivity, customer service and financial-product engagement. An analyst also upgraded SoFi to Strong Buy following the valuation correction and robust results. SoFi Technologies investment analysis
• Neutral Sentiment: Profit guidance was maintained. Full-year 2026 EPS guidance remains $0.60, only modestly above the $0.59 consensus. Investors may have wanted a larger earnings increase to accompany the stronger revenue outlook.
• Negative Sentiment: Investors are concerned about profitability and execution. SoFi is continuing to spend heavily on growth and AI, potentially limiting near-term margins. The earnings beat therefore failed to offset worries about the cost of expansion, valuation and the company’s ability to convert rapid revenue growth into stronger profits. Why SoFi stock is falling
• Negative Sentiment: Interest-rate uncertainty adds pressure. SoFi’s lending business remains sensitive to borrowing costs, funding conditions and credit performance. Investors are weighing stable credit quality against uncertainty over the U.S. rate path and future loan growth.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SOFI shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. TD Cowen dropped their price target on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Argus began coverage on SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating for the company. Truist Financial raised their price objective on SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 24th. Finally, Weiss Ratings cut shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.83.

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.