SoFi Technologies, Inc. $SOFI Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden reduced its SoFi stake by 17.4% in the second quarter, selling 42,941 shares and retaining 203,999 shares valued at approximately $3.66 million. Institutional investors and hedge funds collectively own 38.43% of SOFI.
• SoFi reported quarterly earnings of $0.12 per share, exceeding estimates of $0.11, while revenue rose 42.5% year over year to $1.21 billion. The stock opened at $16.55, down 3.6%, with a 12-month range of $14.88 to $32.73.
• Analyst sentiment remains mixed, with nine Buy, eleven Hold and three Sell ratings producing a consensus Hold rating and a $22.52 price target. Executives also sold shares under pre-arranged trading plans, while SoFi’s new Mastercard stablecoin settlement initiative offers potential growth but has not yet demonstrated a material revenue contribution.

Andra AP fonden cut its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 203,999 shares of the company's stock after selling 42,941 shares during the quarter. Andra AP fonden's holdings in SoFi Technologies were worth $3,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. Reynders McVeigh Capital Management LLC increased its holdings in shares of SoFi Technologies by 2.6% during the second quarter. Reynders McVeigh Capital Management LLC now owns 699,538 shares of the company's stock valued at $12,543,000 after purchasing an additional 17,744 shares during the period. Tidal Investments LLC increased its stake in SoFi Technologies by 39.0% during the 2nd quarter. Tidal Investments LLC now owns 538,067 shares of the company's stock valued at $9,648,000 after buying an additional 150,923 shares during the period. Bienville Capital Management LLC bought a new stake in shares of SoFi Technologies during the 2nd quarter worth about $27,386,000. WINTON GROUP Ltd bought a new stake in shares of SoFi Technologies during the 2nd quarter worth about $186,000. Finally, NorthRock Partners LLC lifted its stake in shares of SoFi Technologies by 30.2% in the 2nd quarter. NorthRock Partners LLC now owns 29,881 shares of the company's stock worth $536,000 after acquiring an additional 6,932 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Stock Down 3.6%

NASDAQ SOFI opened at $16.55 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The company's 50 day simple moving average is $17.63 and its 200 day simple moving average is $17.31. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73. The company has a market capitalization of $21.38 billion, a P/E ratio of 34.48, a PEG ratio of 1.41 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued 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. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm's revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction on Monday, September 21st. The stock was sold at an average price of $16.99, for a total value of $173,348.97. Following the transaction, the executive vice president directly owned 408,073 shares in the company, valued at $6,933,160.27. The trade was a 2.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the completion of the transaction, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. The trade was a 2.00% 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. Over the last three months, insiders have sold 51,067 shares of company stock valued at $890,716. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

SOFI has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Mizuho dropped their target price on SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Needham & Company LLC cut their target price on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group increased their price target on SoFi Technologies from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Finally, Loop Capital initiated coverage on SoFi Technologies in a research report on Tuesday, September 8th. They set a "hold" rating and a $22.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.52.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi Bank has begun settling its entire debit- and credit-card program on Mastercard’s network using SoFiUSD, its dollar-backed stablecoin. The program covers more than $25 billion in annualized card volume and makes SoFi the first nationally chartered U.S. bank reported to use a bank-issued stablecoin for live card settlement. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
• Positive Sentiment: The Mastercard integration could create a growth engine for fee-based revenue by making blockchain settlement part of routine payments. SoFi and Mastercard are also exploring additional uses, including cross-border payments and remittances. The development helped drive an earlier rally in SOFI as investors viewed it as a way to expand beyond lending. SoFi Brings SoFiUSD to Mastercard
• Neutral Sentiment: The launch is strategically significant, but the articles do not identify a material revenue contribution yet. Investors still need evidence that SoFiUSD adoption, transaction volumes and related services can generate meaningful earnings rather than simply reduce settlement friction.
• Negative Sentiment: Consumer-lending stocks, including SoFi, faced sector-wide selling as the broader financial group remained roughly flat. The move suggests profit-taking and concern about lending exposure, despite reports that SoFi’s delinquencies and charge-offs have improved while originations reached records. Consumer Lending Stocks Slide
• Negative Sentiment: Commentary also notes that cryptocurrency has yet to achieve broad consumer and merchant adoption at scale. That skepticism limits how much investors may immediately value SoFi’s stablecoin initiative and is weighing on the stock’s reaction to the announcement.

SoFi Technologies Company 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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