Insider Buying: SoFi Technologies (NASDAQ:SOFI) CEO Buys 15,545 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CEO Anthony Noto acquired 15,545 shares of SoFi Technologies stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $16.00 per share, with a total value of $248,720.00. Following the completion of the purchase, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anthony Noto also recently made the following trade(s):

• On Tuesday, March 17th, Anthony Noto acquired 28,900 shares of SoFi Technologies stock. The stock was purchased at an average price of $17.32 per share, with a total value of $500,548.00.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded up $0.51 during trading on Monday, hitting $16.26. The stock had a trading volume of 55,016,189 shares, compared to its average volume of 63,782,602. SoFi Technologies, Inc. has a 12-month low of $12.74 and a 12-month high of $32.73. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 36.94 and a beta of 2.12. 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 stock has a 50-day simple moving average of $17.44 and a two-hundred day simple moving average of $23.09.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.SoFi Technologies’s quarterly revenue was up 42.6% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on SOFI shares. JPMorgan Chase & Co. upgraded SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Tuesday, February 3rd. Morgan Stanley set a $16.00 price target on SoFi Technologies in a research report on Thursday, April 30th. Mizuho set a $29.00 price target on SoFi Technologies in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods reduced their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings upgraded SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.72.

Institutional Trading of SoFi Technologies

Institutional investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in shares of SoFi Technologies in the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. boosted its stake 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 acquiring an additional 739 shares during the last quarter. Blue Trust Inc. boosted its stake in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after buying an additional 878 shares during the last quarter. Reflection Asset Management acquired a new position in SoFi Technologies during the fourth quarter worth $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the fourth quarter worth $28,000. 38.43% of the stock is owned by institutional investors and hedge funds.

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.