SoFi Technologies, Inc. $SOFI Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 312.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 66,332 shares of the company’s stock after buying an additional 50,266 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in SoFi Technologies were worth $1,053,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in SOFI. Firsthand Capital Management Inc. boosted its holdings in shares of SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock valued at $2,114,000 after acquiring an additional 30,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after buying an additional 557,390 shares during the period. Vanguard Group Inc. boosted its stake in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. North Dakota State Investment Board bought a new position in SoFi Technologies during the fourth quarter valued at about $1,044,000. Finally, Brighton Jones LLC grew its holdings in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC dropped their price target on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Truist Financial dropped their target price on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Mizuho set a $29.00 price target on SoFi Technologies in a report on Wednesday, May 6th. Finally, Wells Fargo & Company cut their price objective on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Seven research 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. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.56.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the business’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 directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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. Also, EVP Kelli Keough sold 10,954 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at $6,570,132.70. The trade was a 2.81% 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. In the last 90 days, insiders sold 134,044 shares of company stock valued at $2,370,056. Company insiders own 2.50% of the company’s stock.

SoFi Technologies Price Performance

SOFI stock opened at $18.19 on Tuesday. SoFi Technologies, Inc. has a one year low of $14.92 and a one year high of $32.73. The firm has a 50-day moving average of $16.96 and a two-hundred day moving average of $19.97. The firm has a market capitalization of $23.33 billion, a PE ratio of 41.34 and a beta of 2.14. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

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

Key SoFi Technologies News

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

• Positive Sentiment: SoFi may have already met the requirements for inclusion in the S&P 500, and some investors are speculating that index entry could come as early as September. That could be a meaningful tailwind because added demand from index funds often supports a stock’s share price. Article Title
• Positive Sentiment: Analyst commentary highlighted SoFi’s expanding margins, rapid member growth, and strong cross-selling across its digital banking platform. The company’s Q1 results showed revenue up 41% year over year to about $1.1 billion and net margin near 15%, reinforcing the bullish case. Article Title
• Positive Sentiment: SoFi’s latest AI-related product innovation is being viewed as another growth driver that could improve customer service and deepen user engagement, supporting the long-term growth story. Article Title
• Neutral Sentiment: Coverage comparing SoFi with Dave noted that SoFi still faces refinancing-related headwinds, even as it continues to add members and products. This is more of a valuation and competitive debate than a clear near-term catalyst. Article Title
• Neutral Sentiment: Another market recap simply noted that SOFI outperformed the broader market in the latest session, reflecting continued trading interest rather than a specific new development. Article Title

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.