Northwestern Mutual Wealth Management Co. Lowers Stock Position in SoFi Technologies, Inc. $SOFI

Northwestern Mutual Wealth Management Co. cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 82.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,663 shares of the company’s stock after selling 1,339,121 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SoFi Technologies were worth $5,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SOFI. BlackRock Inc. acquired a new position in SoFi Technologies in the 2nd quarter valued at about $1,298,925,000. North Dakota State Investment Board acquired a new stake in shares of SoFi Technologies during the fourth quarter worth about $1,044,000. Brighton Jones LLC boosted its stake in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares during the period. Alberta Investment Management Corp acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $13,299,000. Finally, Trek Financial LLC acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $3,865,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SOFI shares. The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Scotiabank began coverage on SoFi Technologies in a research report on Wednesday. They set a “sector outperform” rating and a $25.00 price objective on the stock. Piper Sandler initiated coverage on SoFi Technologies in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 price objective on the stock. Morgan Stanley decreased their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.55.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, EVP Kelli Keough sold 11,286 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the transaction, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 136,505 shares of company stock worth $2,418,096 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Up 3.8%

Shares of SoFi Technologies stock opened at $18.51 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. SoFi Technologies, Inc. has a 52-week low of $14.88 and a 52-week high of $32.73. The company has a market capitalization of $23.91 billion, a P/E ratio of 38.56, a P/E/G ratio of 1.47 and a beta of 2.20. The company has a 50 day moving average of $17.88 and a 200 day moving average of $17.47.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company 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 6.22%. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Key SoFi Technologies News

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

• Positive Sentiment: Crypto partnership expands SoFi’s banking and payments reach. SoFi will connect its banking infrastructure and SoFi Exchange Network to Payward, the parent company of Kraken. The agreement is expected to support faster money movement, digital-asset liquidity and banking services, while Kraken plans to list SoFiUSD, SoFi’s stablecoin, on its trading platform. The deal could create additional transaction, payments and crypto-related revenue opportunities. SoFi Connects Its Banking System to Kraken’s Network in Payward Deal
• Positive Sentiment: Scotiabank began coverage with a bullish rating. The bank initiated SoFi at “Sector Outperform” and assigned a $25 price target, implying roughly 35% upside from the referenced $18.51 level. The new coverage provides a positive institutional view and a potential catalyst for the shares. Scotiabank initiates coverage of SoFi Technologies with sector outperform recommendation
• Positive Sentiment: Bullish investors point to continued operating momentum. Recent commentary highlights record growth, member expansion, cross-selling and rising products per member. One projection anticipates substantial long-term revenue and earnings growth, while another argues that the stock’s decline in 2026 has not reflected the company’s improving fundamentals. SoFi Technologies: Shares Are Flat So I’m Accumulating More
• Neutral Sentiment: Valuation and price targets remain dependent on execution. Forecasts for 2027 and beyond suggest meaningful upside if SoFi sustains fast growth and converts it into higher earnings, but those targets are projections rather than new company guidance. Price Prediction: SoFi’s Price Target For 2027 May Surprise Investors
• Negative Sentiment: Higher Treasury yields continue to pressure rate-sensitive fintech lenders. Rising benchmark yields can increase funding costs and weigh on demand and valuations for SoFi’s lending business. What’s Happening With SoFi Stock?
• Negative Sentiment: Retail investors are considering alternatives. Some Stocktwits users identified Robinhood as a more attractive fintech opportunity, highlighting competitive pressure for investor attention and growth expectations. SOFI’s Decline Has Retail Looking Elsewhere

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.