SoFi Technologies (NASDAQ:SOFI) CEO Anthony Noto Purchases 28,900 Shares

Key Points

• SoFi CEO Anthony Noto purchased 28,900 shares at an average price of $17.32 for $500,548, raising his holdings to 11,704,352 shares (a 0.25% increase).
• Shares traded down to $17.37 (-1.5%) on heavy volume (158.85M vs. avg 64.37M); the company recently beat quarterly EPS estimates ($0.13 vs. $0.12) with $1.01B revenue (+39.6%), but analysts maintain a consensus Hold with an average target of $26.34.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) CEO Anthony Noto bought 28,900 shares of the stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of $17.32 per share, with a total value of $500,548.00. Following the purchase, the chief executive officer owned 11,704,352 shares of the company's stock, valued at $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SoFi Technologies Trading Down 1.5%

NASDAQ SOFI traded down $0.26 on Tuesday, reaching $17.37. The stock had a trading volume of 158,850,293 shares, compared to its average volume of 64,372,879. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The stock has a fifty day moving average price of $21.87 and a two-hundred day moving average price of $25.60. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 45.71 and a beta of 2.21. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They set an "underperform" rating and a $20.50 price objective for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SoFi Technologies in a report on Thursday, January 22nd. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a "neutral" rating to an "overweight" rating and set a $31.00 price objective for the company in a research report on Tuesday, February 3rd. Needham & Company LLC reduced their target price on shares of SoFi Technologies from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. Finally, UBS Group set a $24.50 target price on shares of SoFi Technologies in a report on Monday, February 2nd. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.34.

Hedge Funds Weigh In On SoFi Technologies

A number of large investors have recently made changes to their positions in the business. Valley Wealth Managers Inc. bought a new position in SoFi Technologies during the fourth quarter valued at approximately $25,000. Blue Trust Inc. grew its position in SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock worth $26,000 after acquiring an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. grew its position in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 739 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of SoFi Technologies during the 4th quarter worth $28,000. Finally, Reflection Asset Management acquired a new position in shares of SoFi Technologies during the 4th quarter worth $28,000. Institutional investors and hedge funds own 38.43% of the company's stock.

About SoFi Technologies

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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