BNC Wealth Management LLC Acquires New Stake in SoFi Technologies, Inc. $SOFI

Key Points

• BNC Wealth Management opened a new Q4 position in SoFi Technologies of 93,177 shares valued at about $2.44 million, and institutional investors collectively own roughly 38.43% of the company.
• SoFi beat estimates in its latest quarter with revenue of ~$1.01 billion (up 39.6% YoY) and EPS of $0.13, driven in part by strong growth in fee‑based revenue.
• Analyst sentiment is mixed—some upgrades (JPMorgan to "overweight," PT $31) and multiple cuts (Barclays/Wells Fargo to ≈$18) result in a MarketBeat consensus rating of "Hold" and an average price target of $25.09.

BNC Wealth Management LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 93,177 shares of the company's stock, valued at approximately $2,439,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in SoFi Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after purchasing an additional 6,814,727 shares during the period. Firsthand Capital Management Inc. increased its holdings in SoFi Technologies by 60.0% during the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company's stock worth $2,114,000 after purchasing an additional 30,000 shares during the period. Marex Group plc purchased a new stake in SoFi Technologies during the 2nd quarter worth about $11,179,000. SG Americas Securities LLC increased its holdings in SoFi Technologies by 161.6% during the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company's stock worth $23,625,000 after purchasing an additional 557,390 shares during the period. Finally, Thoroughbred Financial Services LLC increased its holdings in SoFi Technologies by 212.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company's stock worth $1,060,000 after purchasing an additional 27,283 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Ratings Changes

SOFI has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded SoFi Technologies from a "neutral" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Tuesday, February 3rd. UBS Group set a $24.50 price target on SoFi Technologies in a report on Monday, February 2nd. Needham & Company LLC cut their price target on SoFi Technologies from $36.00 to $33.00 and set a "buy" rating on the stock in a report on Monday, February 2nd. Barclays cut their price target on SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Citizens Jmp upgraded SoFi Technologies from a "market perform" rating to an "outperform" rating and set a $30.00 price target on the stock in a report on Monday, February 9th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus price target of $25.09.

SoFi Technologies Trading Down 1.3%

SOFI opened at $16.27 on Friday. SoFi Technologies, Inc. has a one year low of $10.07 and a one year high of $32.73. The company has a market cap of $20.75 billion, a P/E ratio of 42.82 and a beta of 2.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The business's 50-day simple moving average is $18.32 and its 200-day simple moving average is $24.35.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business's revenue for the quarter was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, General Counsel Robert S. Lavet acquired 5,000 shares of the company's stock in a transaction dated Friday, February 6th. The shares were acquired at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the acquisition, the general counsel owned 17,172 shares in the company, valued at $361,298.88. The trade was a 41.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 94,958 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the transaction, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. Insiders own 2.60% of the company's stock.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: SoFi’s business mix shift toward fee‑based, capital‑light revenue and strong top‑line growth (Q revenue ~$1.013B, fee revenue +50% YoY; combined Financial Services & Tech Platform +61%) supports fundamentals and longer‑term valuation arguments. SoFi's Reset Is Testing More Than Valuation
• Positive Sentiment: Brand/reputation boost: SoFi was ranked atop Forbes’ Best Banks list in the U.S., a PR win that can help member acquisition and trust. Not JPMorgan, Not Bank of America — SoFi Tops Forbes Best Banks List In The US
• Neutral Sentiment: Market action: SoFi posted a small intraday gain on April 8 but lagged broader market strength, indicating volatility and rotation rather than a clear directional signal. Here's Why SoFi Gained But Lagged the Market
• Neutral Sentiment: Longer‑term debate: several commentaries question whether the pullback fully prices in execution risk vs. growth optionality, keeping the stock on watchlists for both buyers and sellers. Is It Time To Reassess SoFi Technologies After Its Sharp YTD Pullback
• Negative Sentiment: Analyst cuts — Wells Fargo trimmed its price target from $19 to $18 and moved to an "equal weight" rating (PT implies ~10.6% upside vs. current price). Benzinga
• Negative Sentiment: Analyst cuts — Keefe, Bruyette & Woods cut its target from $20 to $17 and set an "underperform" rating (PT implies ~4.5% upside), increasing sell‑side caution. Benzinga
• Negative Sentiment: Other downgrades: Barclays also lowered its target to $18 — the cluster of cuts tightens upside expectations and likely pressured intraday sentiment. Barclays Lowers SoFi Price Target
• Negative Sentiment: Market context: recent sell‑offs (double‑digit decline in March, large YTD pullback) and coverage questioning whether the drop reflects macro/geopolitical noise or company risk keep short‑term downside risk elevated. Why SoFi Stock Fell 10.6% Last Month

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.

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