SoFi Technologies, Inc. $SOFI Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth cut its SoFi position by 28.3% in the second quarter, selling 51,550 shares and retaining 130,371 shares valued at approximately $2.34 million. Institutional investors collectively own 38.43% of the company.
• SoFi exceeded quarterly expectations, reporting $0.12 EPS versus the $0.11 consensus and $1.21 billion in revenue, up 42.5% year over year. The company posted a 14.78% net margin and issued fiscal 2026 guidance of $0.60 EPS.
• Analysts have a mixed outlook, with a consensus “Hold” rating and a $22.52 price target versus the stock’s $17.16 opening price. Recent insider activity was also negative, as an executive sold $203,148 worth of shares under a pre-arranged trading plan.

Corient Private Wealth LP decreased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,371 shares of the company's stock after selling 51,550 shares during the quarter. Corient Private Wealth LP's holdings in SoFi Technologies were worth $2,338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of SoFi Technologies in the 2nd quarter valued at about $1,298,925,000. Norges Bank purchased a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $321,515,000. Bank of America Corp DE purchased a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $163,808,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth approximately $93,937,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth approximately $72,531,000. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $17.16 on Wednesday. The stock has a market capitalization of $22.16 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.40 and a beta of 2.20. SoFi Technologies, Inc. has a 12-month low of $14.88 and a 12-month high of $32.73. 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 firm's 50-day moving average is $17.65 and its two-hundred day moving average is $17.33.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.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 EPS. SoFi Technologies'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. Equities analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Loop Capital initiated coverage on SoFi Technologies in a report on Tuesday, September 8th. They set a "hold" rating and a $22.00 price objective for the company. Mizuho lowered 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. Truist Financial raised their price target on SoFi Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, August 12th. Wells Fargo & Company cut their price target on SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Finally, Needham & Company LLC decreased their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $22.52.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares in the company, valued at $6,415,956. This represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.50% of the stock is currently owned by insiders.

Key SoFi Technologies News

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

• Positive Sentiment: Stablecoin payments go live: SoFi Bank became the first nationally chartered U.S. bank to settle debit- and credit-card transactions using its dollar-backed SoFi USD stablecoin over Mastercard’s network. The card program represents more than $25 billion in annualized volume, giving the initiative a substantial real-world testing platform. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
• Positive Sentiment: Potential growth opportunities: SoFi and Mastercard are exploring additional uses for SoFi USD, including cross-border payments and remittances. Investors view the rollout as a potential way to reduce settlement friction, expand fee opportunities and differentiate SoFi’s consumer financial ecosystem. Mastercard and SoFi Bring Stablecoin Settlement to Cards
• Positive Sentiment: Credit trends remain supportive: Reports say SoFi’s record loan originations have not yet weakened credit quality, with charge-offs and delinquencies improving. That could ease concerns about the risks of rapid lending growth. SoFi Technologies Maintains Strong Credit Quality
• Neutral Sentiment: Some commentators have compared SoFi’s opportunity with early high-growth technology investments, but these bullish views are opinions rather than new company guidance. Analysts broadly maintain a “Hold” consensus, and the stock remains well below its 12-month high. SoFi Given Consensus Hold Rating
• Negative Sentiment: Despite the stablecoin catalyst, investors must weigh execution, regulatory and cryptocurrency-adoption risks, as well as whether improving credit metrics can persist while loan balances continue expanding.

About SoFi Technologies

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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