130,647 Shares in SoFi Technologies, Inc. $SOFI Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP purchased 130,647 SoFi shares worth approximately $2.34 million in the second quarter. Institutional investors now own 38.43% of the company, with BlackRock also acquiring a significant new stake.
• SoFi reported quarterly earnings of $0.12 per share, beating estimates by $0.01, while revenue rose 42.5% year over year to $1.21 billion. Shares opened at $17.84, up 4.6% according to the report.
• Analyst sentiment remains mixed: the stock carries a consensus “Hold” rating and a $22.55 average price target, while recent targets range from $15 to $25. Insiders have sold 136,505 shares worth approximately $2.42 million over the past three months.

Corient Private Wealth LP purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 130,647 shares of the company's stock, valued at approximately $2,343,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at $1,298,925,000. North Dakota State Investment Board bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $1,044,000. Brighton Jones LLC increased its position in shares of 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. Alberta Investment Management Corp acquired a new stake in shares of SoFi Technologies during the 4th quarter worth about $13,299,000. Finally, Trek Financial LLC bought a new position in SoFi Technologies during the 4th quarter valued at about $3,865,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Up 4.6%

Shares of NASDAQ:SOFI opened at $17.84 on Thursday. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73. The company's 50-day moving average price is $17.86 and its two-hundred day moving average price is $17.48. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $23.04 billion, a P/E ratio of 37.17, a P/E/G ratio of 1.40 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. The company's revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction on 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 transaction, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 136,505 shares of company stock valued at $2,418,096. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on SOFI shares. Piper Sandler assumed coverage on shares of SoFi Technologies in a research report on Monday, August 17th. They issued an "overweight" rating and a $22.00 price target on the stock. Morgan Stanley dropped their price objective on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, July 30th. Weiss Ratings upgraded shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Scotiabank initiated coverage on SoFi Technologies in a research report on Wednesday. They set a "sector outperform" rating and a $25.00 price target on the stock. Finally, Mizuho dropped their price target on SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.55.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: Scotiabank initiated coverage with a “Sector Outperform” rating and a $25 price target, implying substantial upside from recent levels. The initiation provides a new positive valuation signal and may be supporting the stock. Scotiabank Initiates SoFi Technologies at Sector Outperform
• Positive Sentiment: A bullish investment thesis argues that SoFi’s product flywheel, rising cross-selling, expanding non-lending products and growing fee-based revenue are making the business less dependent on loan origination. Its Loan Platform Business could also support growth without adding as much credit risk to SoFi’s balance sheet. Is SoFi’s Product Flywheel Gaining Enough Traction to Lift SOFI Stock?
• Neutral Sentiment: SoFi’s deposit base is viewed as a potential interest-rate hedge, while management’s strategy to expand fee-based revenue could improve resilience. However, the thesis notes that additional revenue investment has not necessarily translated into higher near-term profit targets. SoFi’s Deposits Aren’t a Moat: They’re a Rate Hedge
• Negative Sentiment: Rising Treasury yields are weighing on balance-sheet lenders such as SoFi because higher funding costs and tighter financial conditions can pressure loan demand, margins and credit-sensitive businesses. SoFi and Affirm recently underperformed brokerage-focused fintech companies. SoFi Drops as Yields Hit Balance-Sheet Lenders
• Negative Sentiment: Retail discussion has become less favorable, with some Stocktwits users preferring Robinhood over SoFi. This reflects competitive concerns and weaker short-term sentiment rather than a change in SoFi’s fundamentals. SOFI’s Decline Has Retail Looking Elsewhere

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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