SoFi Technologies (NASDAQ:SOFI) CTO Jeremy Rishel Sells 18,624 Shares of Stock

by · The Markets Daily

SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SoFi Technologies Price Performance

Shares of SOFI stock traded down $0.61 on Wednesday, hitting $16.55. 56,326,264 shares of the stock traded hands, compared to its average volume of 41,092,228. The firm has a market cap of $21.38 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.41 and a beta of 2.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The firm has a 50 day simple moving average of $17.63 and a two-hundred day simple moving average of $17.31. SoFi Technologies, Inc. has a 52 week low of $14.88 and a 52 week high of $32.73.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its quarterly 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. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.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 company posted $0.08 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SoFi Technologies

Several large investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC lifted its position in shares of SoFi Technologies by 21.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company’s stock worth $75,000 after purchasing an additional 503 shares during the period. Capital Advisors Inc. OK increased its holdings in shares of SoFi Technologies by 2.2% in the 2nd quarter. Capital Advisors Inc. OK now owns 28,324 shares of the company’s stock valued at $508,000 after acquiring an additional 615 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of SoFi Technologies by 2.3% in the 1st quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock worth $464,000 after acquiring an additional 653 shares in the last quarter. CX Institutional boosted its position in SoFi Technologies by 36.2% during the second quarter. CX Institutional now owns 2,477 shares of the company’s stock valued at $44,000 after purchasing an additional 658 shares in the last quarter. Finally, MCF Advisors LLC boosted its position in SoFi Technologies by 27.7% during the fourth quarter. MCF Advisors LLC now owns 3,126 shares of the company’s stock valued at $82,000 after purchasing an additional 678 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies News Summary

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

  • Positive Sentiment: SoFi Bank has begun settling its entire debit- and credit-card program on Mastercard’s network using SoFiUSD, its dollar-backed stablecoin. The program covers more than $25 billion in annualized card volume and makes SoFi the first nationally chartered U.S. bank reported to use a bank-issued stablecoin for live card settlement. SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
  • Positive Sentiment: The Mastercard integration could create a growth engine for fee-based revenue by making blockchain settlement part of routine payments. SoFi and Mastercard are also exploring additional uses, including cross-border payments and remittances. The development helped drive an earlier rally in SOFI as investors viewed it as a way to expand beyond lending. SoFi Brings SoFiUSD to Mastercard
  • Neutral Sentiment: The launch is strategically significant, but the articles do not identify a material revenue contribution yet. Investors still need evidence that SoFiUSD adoption, transaction volumes and related services can generate meaningful earnings rather than simply reduce settlement friction.
  • Negative Sentiment: Consumer-lending stocks, including SoFi, faced sector-wide selling as the broader financial group remained roughly flat. The move suggests profit-taking and concern about lending exposure, despite reports that SoFi’s delinquencies and charge-offs have improved while originations reached records. Consumer Lending Stocks Slide
  • Negative Sentiment: Commentary also notes that cryptocurrency has yet to achieve broad consumer and merchant adoption at scale. That skepticism limits how much investors may immediately value SoFi’s stablecoin initiative and is weighing on the stock’s reaction to the announcement.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SOFI shares. Needham & Company LLC lowered their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Wells Fargo & Company reduced 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 report on Thursday, July 30th. Truist Financial raised their price objective on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Loop Capital began coverage on SoFi Technologies in a research report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price for the company. Finally, The Goldman Sachs Group upped their target price on SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.52.

View Our Latest Analysis on SoFi Technologies

SoFi Technologies Company Profile

(Get Free Report)

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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