SoFi Technologies, Inc. $SOFI Stock Holdings Decreased by Empowered Funds LLC

Key Points

• Empowered Funds LLC cut its SoFi Technologies stake by 34.8% in the first quarter, selling 35,128 shares and retaining 65,704 shares worth approximately $1.04 million. Institutional investors collectively own 38.43% of SOFI.
• SoFi reported quarterly earnings of $0.12 per share, exceeding estimates by $0.01, while revenue reached $1.21 billion, up 42.5% year over year. The company posted a 14.78% net margin and issued fiscal 2026 EPS guidance of $0.60.
• Analyst sentiment remains mixed, with seven Buy, ten Hold, and three Sell ratings and a consensus target price of $22.44. Company insiders sold 135,256 shares worth about $2.37 million over the last quarter, primarily through pre-arranged trading plans.

Empowered Funds LLC lessened its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 34.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,704 shares of the company's stock after selling 35,128 shares during the quarter. Empowered Funds LLC's holdings in SoFi Technologies were worth $1,043,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SOFI. Valley Wealth Managers Inc. bought a new stake in SoFi Technologies during the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. boosted its stake in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 739 shares during the period. Reflection Asset Management acquired a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $28,000. Quaker Wealth Management LLC lifted its holdings in shares of SoFi Technologies by 2,745.2% in the 4th quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company's stock worth $31,000 after purchasing an additional 1,153 shares during the last quarter. Finally, American Capital Advisory LLC boosted its position in SoFi Technologies by 456.7% during the 4th quarter. American Capital Advisory LLC now owns 1,297 shares of the company's stock valued at $34,000 after purchasing an additional 1,064 shares during the period. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $18.29 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. SoFi Technologies, Inc. has a 1 year low of $14.88 and a 1 year high of $32.73. The business has a fifty day simple moving average of $17.55 and a 200 day simple moving average of $17.81. The firm has a market cap of $23.62 billion, a price-to-earnings ratio of 38.10 and a beta of 2.17.

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 the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The business's revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 102,123 shares of the company's 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 completion of the sale, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 10,954 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares in the company, valued at $6,321,244.32. The trade was a 2.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 135,256 shares of company stock valued at $2,370,822 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of analyst reports. Morgan Stanley dropped their price objective on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Needham & Company LLC reduced their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. UBS Group dropped their target price on SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, April 30th. Finally, The Goldman Sachs Group upped their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $22.44.

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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