North Dakota State Investment Board Acquires New Shares in SoFi Technologies, Inc. $SOFI

North Dakota State Investment Board acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 39,877 shares of the company’s stock, valued at approximately $1,044,000.

A number of other hedge funds have also bought and sold shares of SOFI. Brighton Jones LLC grew its stake in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after buying an additional 14,281 shares in the last quarter. Caxton Associates LLP purchased a new position in SoFi Technologies in the 1st quarter valued at approximately $129,000. Empowered Funds LLC grew its stake in SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after buying an additional 1,631 shares in the last quarter. Franklin Resources Inc. grew its stake in SoFi Technologies by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 13,796 shares of the company’s stock valued at $251,000 after buying an additional 2,596 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in SoFi Technologies in the 2nd quarter valued at approximately $4,633,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Anthony Noto purchased 28,900 shares of SoFi Technologies stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of $17.32 per share, for a total transaction of $500,548.00. Following the transaction, the chief executive officer directly owned 11,704,352 shares of the company’s stock, valued at approximately $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,755 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the transaction, the executive vice president owned 293,725 shares of the company’s stock, valued at $5,542,590.75. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 124,197 shares of company stock worth $2,191,758 in the last three months. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 3.0%

SOFI opened at $15.69 on Thursday. The company has a fifty day moving average price of $16.89 and a 200-day moving average price of $22.23. The firm has a market capitalization of $20.13 billion, a P/E ratio of 35.66 and a beta of 2.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. SoFi Technologies, Inc. has a one year low of $12.74 and a one year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Needham & Company LLC reduced their price objective on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Mizuho set a $29.00 price objective on shares of SoFi Technologies in a research note on Wednesday, May 6th. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, February 9th. Barclays reduced their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, Citigroup reduced their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average price target of $22.56.

More SoFi Technologies News

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

• Positive Sentiment: Several articles are highlighting SoFi as a beaten-down high-growth name under $20, suggesting investors may be viewing the sell-off as overdone relative to the company’s underlying business momentum. 2 High-Growth Stocks Under $20 That Make for Screaming Buys Right Now
• Positive Sentiment: SoFi’s CEO reportedly bought 70,000 shares with personal funds, which can signal insider confidence and support investor sentiment. The SoFi CEO Just Bought 70000 Shares With His Own Money. Here Are Four More Under $30 Worth a Closer Look
• Positive Sentiment: Recent commentary points to strong Q1 2026 results, including record member additions, revenue growth, and higher net income, which support the bull case despite the stock pullback. A Look At SoFi Technologies SOFI Valuation After Q1 2026 Beat And Technology Platform Setback
• Neutral Sentiment: SoFi’s presentation at the J.P. Morgan technology conference may help management address investor concerns and explain the outlook, but it does not appear to be a major new catalyst by itself. SoFi Technologies Inc SOFI Presents at J.P. Morgan 54th Annual Global Technology Media and Communications Conference Transcript
• Negative Sentiment: Investor caution remains elevated because higher yields, inflation worries, and steady guidance are overshadowing the company’s growth story in the near term. Stock Market Today May 19 SoFi Technologies Extends Losses on Cautious Sentiment
• Negative Sentiment: Analyst and market commentary note scrutiny around SoFi’s revenue mix and the technology platform setback, along with concerns from a short-seller report, which has kept pressure on the stock. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts

SoFi Technologies 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.