Jeremy Rishel Sells 102,123 Shares of SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.

SoFi Technologies Trading Up 2.8%

NASDAQ:SOFI opened at $17.91 on Friday. SoFi Technologies, Inc. has a 1-year low of $14.64 and a 1-year high of $32.73. The business’s 50-day moving average price is $16.93 and its two-hundred day moving average price is $20.51. 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 market capitalization of $22.97 billion, a price-to-earnings ratio of 40.71 and a beta of 2.14.

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

More SoFi Technologies News

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

• Positive Sentiment: CEO Anthony Noto bought another 13,888 shares, extending his 2026 buying streak and reinforcing confidence in SoFi’s outlook. SoFi CEO Won’t Stop Buying His Own Stock
• Positive Sentiment: SoFi helped give retail investors access to the SpaceX IPO, highlighting growth in its investing platform and its push to attract more users. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Positive Sentiment: Recent commentary noted SoFi’s strong revenue growth, profitability, and improving customer cross-buy trends, which support the longer-term investment case. SoFi’s Productivity Loop Strengthens Customer Relationships
• Neutral Sentiment: SoFi’s CTO sold shares, but the transaction was part of a pre-arranged 10b5-1 plan and tied to tax withholding, which makes it a less concerning insider-sale signal. SEC filing for Jeremy Rishel transaction
• Neutral Sentiment: Some coverage suggests the stock may be trying to bottom after a sharp selloff, but sentiment remains cautious and the shares are still well below prior highs. SoFi stock shows bottoming signs after suffering a $17 billion wipeout
• Negative Sentiment: SoFi underperformed the broader market in the latest session, showing that investors are still treating the name cautiously despite recent positive company-specific news. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Longer-term sentiment remains weak after the stock’s sharp valuation reset, which continues to weigh on investor confidence. How SoFi Went From Fintech Darling To Wall Street Pariah

Analyst Ratings Changes

Several brokerages have commented on SOFI. Barclays lowered their target price on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Truist Financial decreased their price target on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, May 12th. Stephens lowered their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.56.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of SoFi Technologies in the first quarter valued at about $129,000. Empowered Funds LLC boosted its position in shares of SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares during the period. Franklin Resources Inc. boosted its position in shares of SoFi Technologies by 23.2% during the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock worth $251,000 after buying an additional 2,596 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of SoFi Technologies during the second quarter worth about $4,633,000. 38.43% of the stock is owned by institutional investors.

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.