SoFi Technologies, Inc. $SOFI Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management cut its SoFi stake by 83.3% in the second quarter, selling 62,147 shares and retaining 12,492 shares valued at approximately $224,000. Institutional investors and hedge funds collectively own 38.43% of SOFI.
• SoFi reported quarterly earnings of $0.12 per share, exceeding the $0.11 consensus estimate, while revenue rose 42.5% year over year to $1.21 billion. The company maintained fiscal 2026 guidance of $0.60 EPS.
• Analyst sentiment remains mixed, with nine Buy, eleven Hold, and three Sell ratings; the consensus price target is $22.52. Company insiders sold 136,505 shares worth roughly $2.42 million over the past three months, primarily through pre-arranged trading plans.

Wellington Management Group LLP trimmed its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 83.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,492 shares of the company's stock after selling 62,147 shares during the quarter. Wellington Management Group LLP's holdings in SoFi Technologies were worth $224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SOFI. Vermillion Wealth Management Inc. increased its position in SoFi Technologies by 283.1% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Reflection Asset Management acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $28,000. Raiffeisen Bank International AG acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $34,000. SHP Wealth Management purchased a new stake in SoFi Technologies during the fourth quarter worth approximately $36,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in SoFi Technologies by 157.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,800 shares of the company's stock worth $47,000 after buying an additional 1,100 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Up 0.6%

NASDAQ SOFI opened at $17.32 on Friday. The company's fifty day simple moving average is $17.83 and its 200-day simple moving average is $17.41. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The stock has a market cap of $22.37 billion, a P/E ratio of 36.08, a PEG ratio of 1.42 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, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.08 earnings per share. The business's quarterly revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction dated 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 sale, the chief technology officer directly owned 895,089 shares of the company's stock, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, EVP Kelli Keough sold 11,286 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their position. 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 sold 136,505 shares of company stock valued at $2,418,096. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SOFI shares. Piper Sandler began coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They issued an "overweight" rating and a $22.00 target price on the stock. Wells Fargo & Company lowered their price target on SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Scotiabank initiated coverage on SoFi Technologies in a research report on Wednesday, September 2nd. They issued a "sector outperform" rating and a $25.00 price objective on the stock. Mizuho reduced their price objective on SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Finally, Morgan Stanley decreased their target price on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $22.52.

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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