SoFi Technologies (NASDAQ:SOFI) Stock Price Down 4.2% Following Insider Selling

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) traded down 4.2% during trading on Monday following insider selling activity. The stock traded as low as $17.58 and last traded at $18.22. 82,506,051 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 59,461,734 shares. The stock had previously closed at $19.02.

Specifically, EVP Kelli Keough sold 9,755 shares of SoFi Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $18.87, for a total transaction of $184,076.85. Following the completion of the transaction, the executive vice president directly owned 293,725 shares of the company’s stock, valued at approximately $5,542,590.75. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Analyst Ratings Changes

SOFI has been the subject of several research reports. Bank of America began coverage on SoFi Technologies in a research note on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price target for the company. The Goldman Sachs Group dropped their target price on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Truist Financial reduced their price target on shares of SoFi Technologies from $28.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Barclays raised their price objective on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Needham & Company LLC reduced their target price on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.34.

SoFi Technologies Price Performance

The company’s 50 day simple moving average is $24.56 and its 200 day simple moving average is $26.20. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $21.97 billion, a PE ratio of 47.95 and a beta of 2.13.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business’s revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $321,515,000. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock worth $2,829,640,000 after buying an additional 6,814,727 shares in the last quarter. Quadrature Capital Ltd purchased a new position in SoFi Technologies in the 2nd quarter valued at about $115,188,000. State Street Corp grew its stake in shares of SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after acquiring an additional 5,708,053 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of SoFi Technologies by 372.9% during the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after acquiring an additional 5,244,291 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.