National Pension Service Sells 1,748,292 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• National Pension Service cut its SoFi Technologies stake by 96.1%, selling 1,748,292 shares during the second quarter and retaining 71,813 shares valued at approximately $1.29 million.
• SoFi reported quarterly EPS of $0.12, exceeding estimates by $0.01, while revenue reached $1.21 billion, up 42.5% year over year. The company maintained fiscal 2026 EPS guidance of $0.60.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a $22.52 target price, though recent coverage included “overweight” and “sector outperform” ratings. Insiders sold 136,505 shares worth about $2.42 million in the past quarter.

National Pension Service reduced its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 96.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 71,813 shares of the company's stock after selling 1,748,292 shares during the quarter. National Pension Service's holdings in SoFi Technologies were worth $1,288,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after buying an additional 14,281 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of SoFi Technologies during the 1st quarter worth $129,000. Empowered Funds LLC grew its stake in SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after buying an additional 1,631 shares during the last quarter. Franklin Resources Inc. grew its position in shares of SoFi Technologies by 23.2% in the second quarter. Franklin Resources Inc. now owns 13,796 shares of the company's stock valued at $251,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in SoFi Technologies in the 2nd quarter valued at approximately $4,633,000. Institutional investors own 38.43% of the company's stock.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 136,505 shares of company stock valued at $2,418,096 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $17.32 on Monday. The stock has a market capitalization of $22.37 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.42 and a beta of 2.20. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73. The company has a 50 day moving average of $17.83 and a 200-day moving average of $17.41.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business's quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SOFI shares. Mizuho reduced their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. 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. Piper Sandler started coverage on SoFi Technologies in a report on Monday, August 17th. They issued an "overweight" rating and a $22.00 target price on the stock. Scotiabank started coverage on shares of SoFi Technologies in a report on Wednesday, September 2nd. They set a "sector outperform" rating and a $25.00 price objective on the stock. Finally, Needham & Company LLC cut their price target on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and an average target price of $22.52.

SoFi Technologies Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.

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