Key Points
- CTO Jeremy Rishel sold 94,958 shares at an average $17.43 on March 18 for about $1.66M, trimming his stake by 10.16% to 839,640 shares (≈$14.63M), a potentially negative insider‑flow signal for investors.
- Short‑seller allegations from Muddy Waters about aggressive accounting pressured the stock and raised scrutiny, though CEO Anthony Noto's insider purchase of roughly 29,000 shares (~$500k) helped partially stabilize sentiment.
- Fundamentals show a recent beat (Q quarter EPS $0.13 vs. $0.12 est) with revenue up 39.6% YoY and guidance of 0.120 EPS for Q1 2026 / 0.600 EPS for FY2026, while analysts' consensus is a "Hold" with an average target of $26.34.
SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) CTO Jeremy Rishel sold 94,958 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
SoFi Technologies Trading Down 1.1%
Shares of NASDAQ SOFI opened at $17.18 on Thursday. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.73. The firm has a market cap of $21.91 billion, a PE ratio of 45.21 and a beta of 2.20. The business has a fifty day simple moving average of $21.49 and a two-hundred day simple moving average of $25.48. 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 data on Friday, January 30th. The company reported $0.13 earnings per share 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 during the quarter, compared to the consensus estimate of $984.75 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm's quarterly revenue was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Key Headlines Impacting SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: CEO insider purchase signals confidence and helped stabilize the stock after the short‑seller attack — Noto bought roughly 29,000 shares (~$500k), which traders often view as a vote of confidence. SoFi Calls Short Seller Report ‘Factually Inaccurate and Misleading,’ Stock Rises as CEO Noto Buys Shares
- Positive Sentiment: Third‑party recognition: SoFi Invest ranked #1 in the JD Power 2026 U.S. Investor Satisfaction study for DIY investors—useful for long‑term customer growth and fee revenue expansion. SoFi Ranks #1 in JD Power 2026
- Neutral Sentiment: Analyst and market write‑ups highlight SoFi’s strong recent revenue and member growth but note valuation and execution risk as it scales — these longer‑term fundamentals temper immediate trading moves. Assessing Whether SoFi Technologies (SOFI) Looks Overvalued After Recent Share Price Weakness
- Neutral Sentiment: In‑depth coverage and company profiles discuss growth drivers (deposits, cross‑sell, SoFiUSD stablecoin/Mastercard tie‑up) and maturation risks — useful context but not immediate catalysts. Can SoFi Shares Thrive Through Maturity?
- Negative Sentiment: Short‑seller Muddy Waters alleged aggressive “financial engineering” and accounting issues; that report triggered selling and heightened regulatory/governance scrutiny, which is a material near‑term risk. Short‑Seller Allegations
- Negative Sentiment: Analysts and commentators flagged follow‑up questions after the short report, keeping downside pressure until questions are answered or regulatory reviews (if any) conclude. Analyst Flags 'New Questions' After Short Report
- Negative Sentiment: Insider selling by the CTO (94,958 shares) adds a negative optics datapoint for investors parsing insider flows, even though management statements and the CEO buy partially offset that signal. CTO Sale SEC Filing
- Negative Sentiment: Broader market/credit‑market moves — e.g., reports about lending restrictions from large banks that rattled private credit markets — have amplified selling pressure in fintech/credit names, increasing short‑term downside risk for SOFI. Private Credit Headwinds
Wall Street Analysts Forecast Growth
SOFI has been the subject of several research reports. The Goldman Sachs Group lowered their price target on shares of SoFi Technologies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, January 6th. Bank of America began coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an "underperform" rating and a $20.50 price objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Truist Financial dropped their target price on SoFi Technologies from $28.00 to $21.00 and set a "hold" rating on the stock in a research report on Wednesday, February 18th. Finally, Barclays lifted their price target on SoFi Technologies from $23.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, January 6th. 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 stock. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and an average target price of $26.34.
View Our Latest Stock Report on SoFi Technologies
Hedge Funds Weigh In On SoFi Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the company. Lake Street Private Wealth LLC increased its position in shares of SoFi Technologies by 4.9% in the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company's stock valued at $219,000 after acquiring an additional 390 shares during the period. Xcel Wealth Management LLC lifted its position in SoFi Technologies by 0.6% during the 3rd 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 during the period. Capital Advisors Wealth Management LLC grew its stake in SoFi Technologies by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company's stock valued at $2,866,000 after purchasing an additional 401 shares during the last quarter. First Horizon Corp grew its stake in SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company's stock valued at $82,000 after purchasing an additional 405 shares during the last quarter. Finally, Cigna Investments Inc. New increased its holdings in shares of SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company's stock valued at $299,000 after purchasing an additional 416 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.
About SoFi Technologies
(
Get Free Report)
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.
Further Reading
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