SoFi Technologies, Inc. $SOFI Stake Raised by Allworth Financial LP

Key Points

• Allworth Financial LP boosted its SoFi stake by 390.7% in Q3 to 117,925 shares (worth about $3.12M), and institutional investors now own roughly 38.43% of the company.
• The stock is under pressure after a scathing Muddy Waters short report that triggered heavy selling and potential regulatory/reputational risk, while insider activity is mixed—CEO Anthony Noto bought shares but other executives have sold.
• SoFi recently beat revenue and EPS estimates with strong year-over-year growth, but the shares trade below their 50- and 200-day moving averages (opened at $16.90 vs 50-day $21.06 and 200-day $25.36) and carry a consensus analyst rating of Hold with a $25.91 target.

Allworth Financial LP boosted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 390.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,925 shares of the company's stock after acquiring an additional 93,892 shares during the quarter. Allworth Financial LP's holdings in SoFi Technologies were worth $3,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Xcel Wealth Management LLC grew its position in SoFi Technologies by 0.6% in the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company's stock worth $1,874,000 after acquiring an additional 392 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its holdings in shares of SoFi Technologies by 3.1% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company's stock valued at $373,000 after purchasing an additional 419 shares in the last quarter. Assetmark Inc. lifted its stake in shares of SoFi Technologies by 50.5% in the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company's stock valued at $34,000 after purchasing an additional 427 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in SoFi Technologies by 4.2% in the third quarter. Cigna Investments Inc. New now owns 11,024 shares of the company's stock worth $291,000 after purchasing an additional 446 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its holdings in SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company's stock worth $34,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $18.87, for a total transaction of $184,076.85. Following the completion of the transaction, the executive vice president directly owned 293,725 shares in the company, valued at $5,542,590.75. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Robert S. Lavet acquired 5,000 shares of the business's stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $21.04 per share, with a total value of $105,200.00. Following the completion of the acquisition, the general counsel owned 17,172 shares of the company's stock, valued at approximately $361,298.88. This trade represents a 41.08% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 38,900 shares of company stock valued at $705,398 and have sold 227,616 shares valued at $4,418,697. 2.60% of the stock is currently owned by company insiders.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: CEO Anthony Noto bought shares after the short‑seller report, signaling management confidence and helping to stem the decline; that insider purchase and the company’s public rebuttal have been cited by traders as a stabilizing factor. SoFi Calls Short Seller Report ‘Factually Inaccurate and Misleading,’ Stock Rises as CEO Noto Buys Shares
• Positive Sentiment: SoFi’s loan‑platform business is growing rapidly and is described as a capital‑light growth engine (originations and related revenue have surged), which supports recurring, lower‑capital risk growth for the company. SoFi's Loan Platform Business Emerges as a Capital-Light Growth Engine
• Neutral Sentiment: Wells Fargo initiated coverage with an equal‑weight rating and a $19 price target, offering modest upside from current levels but not a clear buy signal; this is likely to temper short‑term volatility rather than spark a big move. Wells Fargo Initiates Coverage of SoFi
• Neutral Sentiment: Analyst and media pieces debate upside (some bulls argue multi‑product cross‑sell and member growth could lift shares toward $30) versus valuation/execution risks; these narratives keep trading active but are not immediate catalysts. Can SoFi Stock Reach $30 by the End of 2026?
• Negative Sentiment: Muddy Waters released a scathing short report alleging aggressive accounting and “financial engineering,” which triggered sharp selling and raised near‑term regulatory and reputational risk until claims are resolved. Short Seller Muddy Waters Report
• Negative Sentiment: Analysts flagged new questions after the short report, prolonging downside pressure until independent audits, regulatory feedback, or clearer disclosures arrive. Analyst Flags 'New Questions' After Short Report
• Negative Sentiment: CTO Jeremy Rishel sold ~94,958 shares (~$1.65M), which adds negative insider‑flow optics even though other insider activity includes the CEO buy. CTO Insider Sale SEC Filing
• Negative Sentiment: Wider credit‑market and fintech sector headwinds (reports of lending restrictions at big banks) have amplified selling across credit‑sensitive fintech names, increasing short‑term vulnerability for SOFI. Private Credit Headwinds

SoFi Technologies Stock Performance

SOFI opened at $16.90 on Friday. The stock's 50 day simple moving average is $21.06 and its 200-day simple moving average is $25.36. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The stock has a market cap of $21.55 billion, a PE ratio of 44.47 and a beta of 2.20. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.SoFi Technologies's quarterly revenue was up 39.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on SOFI shares. Weiss Ratings reiterated a "hold (c)" rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Needham & Company LLC reduced their target price on SoFi Technologies from $36.00 to $33.00 and set a "buy" rating for the company in a report on Monday, February 2nd. Barclays upped their target price on SoFi Technologies from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 6th. Wells Fargo & Company started coverage on SoFi Technologies in a report on Thursday. They set an "equal weight" rating and a $19.00 price target on the stock. Finally, UBS Group set a $24.50 price target on shares of SoFi Technologies in a research report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $25.91.

SoFi Technologies Company Profile

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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