Stock Traders Purchase Large Volume of SoFi Technologies Call Options (NASDAQ:SOFI)

Key Points

• Unusual options activity: Traders bought 752,830 call options on SOFI — roughly a 90% increase versus typical daily call volume — indicating heavy bullish options interest.
• Mixed earnings reaction — stock plunge: SoFi reported Q1 revenue up ~42% and added ~1.1M members while EPS matched consensus ($0.12), but shares fell 15.5% after management kept flat FY guidance, flagged a softer Q2, and faced technology‑revenue weakness and a securities‑fraud probe.
• Notable insider moves: CTO Jeremy Rishel sold 94,958 shares (reducing his stake ~10%), while General Counsel Robert Lavet bought 5,000 shares; insiders have net sold more than they bought over the past 90 days.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) saw some unusual options trading on Thursday. Traders bought 752,830 call options on the stock. This represents an increase of approximately 90% compared to the typical volume of 395,187 call options.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 94,958 shares of SoFi Technologies stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the sale, the chief technology officer owned 839,640 shares in the company, valued at $14,634,925.20. The trade was a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Robert S. Lavet purchased 5,000 shares of the stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $21.04 per share, with a total value of $105,200.00. Following the acquisition, the general counsel directly owned 17,172 shares in the company, valued at $361,298.88. This trade represents a 41.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 38,900 shares of company stock worth $705,398 and have sold 218,422 shares worth $4,105,468. Corporate insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies in the 4th quarter worth approximately $25,000. Vermillion Wealth Management Inc. boosted its holdings in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 739 shares during the period. Blue Trust Inc. boosted its holdings in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock worth $26,000 after acquiring an additional 878 shares during the period. Reflection Asset Management purchased a new position in SoFi Technologies in the 4th quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division purchased a new position in SoFi Technologies in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SOFI shares. Argus started coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a "hold" rating for the company. Bank of America started coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They set an "underperform" rating and a $20.50 target price for the company. Truist Financial dropped their target price on shares of SoFi Technologies from $21.00 to $20.00 and set a "hold" rating for the company in a research report on Friday, April 24th. Wells Fargo & Company dropped their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Finally, Citizens Jmp raised shares of SoFi Technologies from a "market perform" rating to an "outperform" rating and set a $30.00 target price for the company in a research report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.79.

SoFi Technologies News Roundup

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

• Positive Sentiment: Record top‑line and user growth: Q1 revenue rose ~42% and management highlighted record loan originations and accelerating member cross‑sell, showing the core platform is scaling. SoFi's unchanged 2026 revenue forecast eclipses record first-quarter results
• Positive Sentiment: Strong profitability and product traction: Net income and non‑GAAP profit improved materially year‑over‑year and new product adoption (crypto, payments, SoFi Pay) is cited as driving engagement. SoFi Q1 2026 earnings: Record revenue, profit doubles
• Positive Sentiment: Member growth accelerating: The company added ~1.1M members in Q1 and cross‑sell metrics improved, supporting longer‑term revenue opportunity per customer. SoFi Adds 1.1 Million Members as Cross-Sell Gains Speed
• Neutral Sentiment: Earnings in line with expectations: EPS met consensus ($0.12) while revenue beat — a mixed beat/meet that reduces the surprise factor. MarketBeat Q1 results
• Negative Sentiment: Flat full‑year revenue guidance and softer Q2 outlook: Management reiterated FY 2026 revenue guidance (~$4.66B) and gave Q2 growth guidance slightly below Street expectations — the primary driver of the selloff as investors were looking for upside. SoFi just set a slew of lending records, but here's why it's stock is falling
• Negative Sentiment: Technology platform weakness and higher expenses: Technology‑platform revenue dropped sharply (reported ~27% decline) and operating costs were higher than some investors expected, weighing on near‑term margins. SoFi's Record Beat Leaves the Market Cold
• Negative Sentiment: Credibility and legal overhang: A recent short‑seller report and an announced securities‑fraud investigation have elevated risk and likely amplified the sell‑on‑beat reaction. SOFI ALERT: Securities Fraud Investigation
• Negative Sentiment: Analyst skepticism/limited near‑term upside: Several outlets and models point to constrained upside from current levels, contributing to selling pressure despite the beat. After Falling 28% YTD, SoFi Offers Limited Upside

SoFi Technologies Stock Down 15.5%

NASDAQ SOFI opened at $15.52 on Thursday. The stock has a market cap of $19.79 billion, a PE ratio of 40.84 and a beta of 2.24. SoFi Technologies has a fifty-two week low of $12.05 and a fifty-two week high of $32.73. The business has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $23.43. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.05 billion. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.SoFi Technologies's quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts predict that SoFi Technologies will post 0.6 EPS for the current fiscal year.

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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