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

SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the sale, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SoFi Technologies Trading Up 1.5%

NASDAQ SOFI opened at $16.80 on Friday. The stock’s 50-day moving average is $17.62 and its 200-day moving average is $17.30. SoFi Technologies, Inc. has a one year low of $14.88 and a one year high of $32.73. 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 market cap of $21.70 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 2.20.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its position in shares of SoFi Technologies by 5.8% during the 2nd quarter. QRG Capital Management Inc. now owns 154,404 shares of the company’s stock worth $2,769,000 after acquiring an additional 8,449 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its position in SoFi Technologies by 2.6% during the second quarter. Reynders McVeigh Capital Management LLC now owns 699,538 shares of the company’s stock valued at $12,543,000 after purchasing an additional 17,744 shares in the last quarter. Tidal Investments LLC lifted its stake in SoFi Technologies by 39.0% during the second quarter. Tidal Investments LLC now owns 538,067 shares of the company’s stock worth $9,648,000 after purchasing an additional 150,923 shares during the last quarter. Bienville Capital Management LLC acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at $27,386,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at $186,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

More SoFi Technologies News

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

• Positive Sentiment: SoFi Bank has begun using its dollar-backed SoFiUSD stablecoin to settle its entire debit- and credit-card program across Mastercard’s network, covering more than $25 billion in annualized card volume. The initiative could reduce payment friction and create new fee-based revenue opportunities. SoFi Technologies Launches Stablecoin Settlement
• Positive Sentiment: Analysts and financial commentators describe the Mastercard integration as a potential growth engine that could expand SoFi beyond consumer lending into payments infrastructure, cross-border transactions and remittances. The bullish investment case also points to SoFi’s national bank charter, which may give it a regulatory advantage over fintech competitors. Why SoFi Stock Is a Good Buy Now
• Positive Sentiment: SoFi’s latest reported quarter showed adjusted earnings of $0.12 per share, revenue of $1.21 billion and 42.5% year-over-year revenue growth, exceeding consensus expectations. Supporters believe continued lending growth and higher-margin technology and payments activity could improve profitability over time.
• Neutral Sentiment: A SoFi consumer study says younger generations still prioritize financial independence and homeownership but are pursuing those goals through different saving, investing and borrowing strategies. The findings may support SoFi’s brand and customer-acquisition efforts, but they do not provide a direct earnings catalyst. SoFi Study on Younger Generations
• Negative Sentiment: Consumer-lending stocks have recently underperformed the broader financial sector, reflecting concerns about credit sensitivity and macroeconomic conditions. Investors also remain skeptical that stablecoins will achieve broad consumer and merchant adoption quickly, making the near-term financial impact of SoFiUSD uncertain. Consumer Lending Stocks Slide
• Negative Sentiment: CTO Jeremy Rishel sold 18,624 shares and EVP Kelli Keough sold 10,203 shares under pre-arranged Rule 10b5-1 plans. Both retained substantial stakes, limiting the signal, but the transactions can still weigh on sentiment.
• Neutral Sentiment: Reports conflict on short interest: one article describes elevated short interest, while another lists zero shares short. Investors should verify the latest exchange and regulatory data before drawing conclusions about short-squeeze potential.

Analyst Ratings Changes

SOFI has been the subject of a number of research analyst reports. Truist Financial lifted their price target on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Mizuho reduced their target price on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Loop Capital started coverage on SoFi Technologies in a report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price on the stock. Finally, Needham & Company LLC dropped their price target on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.52.

SoFi Technologies Company Profile

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.