Sei Investments Co. Sells 490,063 Shares of SoFi Technologies, Inc. $SOFI

Sei Investments Co. lessened its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 56.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 377,140 shares of the company’s stock after selling 490,063 shares during the period. Sei Investments Co.’s holdings in SoFi Technologies were worth $5,989,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in SoFi Technologies during the 4th quarter worth $321,515,000. State Street Corp lifted its holdings in shares of SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after buying an additional 5,708,053 shares during the period. Marshall Wace LLP grew its position in shares of SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after buying an additional 5,244,291 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after buying an additional 3,900,895 shares during the period. Finally, Morgan Stanley increased its stake in shares of SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after buying an additional 3,350,258 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies News Roundup

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

• Positive Sentiment: Investor attention remains centered on SoFi’s record second-quarter performance: revenue reached approximately $1.22 billion, net income was about $157 million, loan originations hit a record $14.8 billion, and membership grew to 15.8 million. Management also raised its 2026 adjusted revenue guidance to $4.75 billion-$4.85 billion. SoFi Technologies gains as investors focus on raised 2026 outlook and another record quarter
• Positive Sentiment: Bullish commentary argues that the market is placing too much emphasis on credit risk and not enough on SoFi’s expanding financial-services platform. Greater cross-selling, SoFi Plus adoption, and multiple products per member could increase customer lifetime value and support more recurring, fee-based revenue. SOFI Stock Got Hit With Price-Target Cuts After Q2 Earnings
• Neutral Sentiment: Institutional positioning was mixed: 474 investors added SOFI shares in the latest quarter, while 452 reduced holdings. Large purchases by UBS, Goldman Sachs, Morgan Stanley, and other firms were offset by sizable reductions from Two Sigma and Susquehanna.
• Negative Sentiment: Several analysts have reduced their price targets following the earnings report. Mizuho cut its target to $22, while the broader analyst median cited is $21; brokerages overall maintain an average “Hold” rating. Mizuho Cuts SoFi Technologies Price Target to $22
• Negative Sentiment: Despite rapid growth, skeptics question whether SoFi’s valuation adequately reflects credit risk, future interest-rate uncertainty, and the need to convert spending and expansion into durable cash generation. Insider activity has also included more sales than purchases during the past six months.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $18.03 on Tuesday. SoFi Technologies, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The company has a market cap of $23.13 billion, a PE ratio of 37.56 and a beta of 2.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The business has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $18.30.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SOFI. Argus initiated coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Truist Financial increased their price objective on shares of SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Needham & Company LLC cut their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday. Finally, TD Cowen dropped their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.38.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer owned 11,946,619 shares in the company, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is owned by corporate insiders.

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.